STOCK TITAN
  1. Home
  2. Sec-filings
  3. KO
  4. [Form 4] COCA COLA CO Insider Trading Activity

Coca-Cola (KO) director Caroline Tsay receives 3,825 Phantom Share Units as 2026 pay

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TSAY CAROLINE J reported acquisition or exercise transactions in this Form 4 filing.

COCA COLA CO director Caroline J. Tsay received a grant of 3,825.3528 Phantom Share Units on 2026-04-01 as director compensation under The Coca-Cola Company Directors' Plan effective June 1, 2025. Each phantom unit is economically equivalent to one share of common stock and was valued at $75.81 per unit. Following this grant and accrued phantom dividends through April 1, 2026, she holds a total of 39,433.667 phantom share units, which will be settled in cash after she leaves the Board, based on the timing rules in the plan. The filing also notes an indirect holding of 1,104 shares of common stock held by a living trust.

Positive

  • None.

Negative

  • None.
Insider TSAY CAROLINE J
Role Director
Type Security Shares Price Value
Grant/Award Phantom Share Units 3,825.3528 $75.81 $290K
holding Common Stock, $.25 Par Value -- -- --
Holdings After Transaction: Phantom Share Units — 39,433.667 shares (Direct); Common Stock, $.25 Par Value — 1,104 shares (Indirect, By Living Trust)
Footnotes (5)
  1. F1. Exhibit Index - Exhibit No. 24 - Power of Attorney
  2. F2. Each phantom share unit is economically equivalent to one share of Common Stock.
  3. F3. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
  4. F4. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.
  5. F5. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.
Phantom Share Units granted 3,825.3528 units Director compensation credited on April 1, 2026
Phantom unit reference price $75.81 per unit Value used for the April 1, 2026 grant
Total Phantom Share Units after grant 39,433.667 units Balance including phantom dividends accrued through April 1, 2026
Indirect common stock holdings 1,104 shares Coca-Cola common stock held by living trust
Conversion price of Phantom Units $0.00 Cash-settled phantom units under Directors' Plan
Phantom Share Units financial
"Each phantom share unit is economically equivalent to one share of Common Stock."
Directors' Plan financial
"Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025"
phantom dividends financial
"This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends."
Living Trust financial
"Common Stock, $.25 Par Value ... nature_of_ownership: By Living Trust"
Power of Attorney regulatory
"Exhibit Index - Exhibit No. 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

What did KO director Caroline J. Tsay report in this Form 4 filing?
Caroline J. Tsay reported receiving 3,825.3528 Phantom Share Units as director compensation. These units are credited under The Coca-Cola Company Directors' Plan and increase her total phantom unit balance to 39,433.667 units as of April 1, 2026.

What are Phantom Share Units in the KO Form 4 for Caroline Tsay?
The Phantom Share Units are bookkeeping entries economically equivalent to one share of Coca-Cola common stock. They are credited under the Directors' Plan and will be settled in cash after the director leaves the Board, following the timing rules specified in the plan.

How many Phantom Share Units did Caroline Tsay receive from Coca-Cola (KO)?
She received 3,825.3528 Phantom Share Units on April 1, 2026. These units, valued at $75.81 per unit, represent 2026 director compensation and may include voluntarily deferred compensation credited under the Directors' Plan, plus any related phantom dividends.

When will Caroline Tsay’s Coca-Cola Phantom Share Units be paid out?
The phantom share units are settled in cash after she leaves the Board. Payment occurs on the later of January 15 of the year after departure or six months after the departure date, as specified in the Directors' Plan.

How many Coca-Cola shares does Caroline Tsay indirectly hold via a trust?
The filing shows indirect ownership of 1,104 shares of Coca-Cola common stock held by a living trust. This figure reflects shares attributed to her through that trust structure, separate from the cash-settled phantom share units credited under the Directors' Plan.

Does the KO Form 4 show open-market buying or selling by Caroline Tsay?
The Form 4 records a grant of Phantom Share Units as compensation, not an open-market trade. It does not report any explicit open-market purchases or sales of Coca-Cola common stock by Caroline Tsay during the reported period.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TSAY CAROLINE J
(Last)(First)(Middle)
C/O THE COCA-COLA COMPANY
ONE COCA-COLA PLAZA
(Street)
ATLANTA GEORGIA 30313
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
COCA COLA CO [ KO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $.25 Par Value1,104I(1)By Living Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Share Units$0(2)04/01/2026A3,825.3528(3) (4) (4)Common Stock, $.25 Par Value3,825.3528$75.8139,433.667(5)D
Explanation of Responses:
1. Exhibit Index - Exhibit No. 24 - Power of Attorney
2. Each phantom share unit is economically equivalent to one share of Common Stock.
3. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
4. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.
5. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.
/s/ Caroline J. Tsay04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR