ARROYO MANUEL 4

What Happened
Manuel Arroyo, Executive Vice President of The Coca‑Cola Company, was granted 74,647 performance share units (PSUs) on 2026-02-19. The reported acquisition price is $0.00 (award), meaning no cash was paid; the units represent common stock issuable upon vesting under the company’s 2023–2025 PSU program.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (Form 4 accession 0000021344-26-000005).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 74,647 PSUs; reported price: $0.00.
• Vesting/conversion: These PSUs vest and convert to common stock on February 27, 2026 (per footnote).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Filing timeliness: No late filing indicator shown; filing appears to be within the usual Form 4 deadline.

Context
Performance share units are a form of equity compensation that convert to shares only if specified performance and/or time-based conditions are met. This grant is a compensation award (not a market purchase or sale) and by itself should not be read as an immediate bullish or bearish trading signal. Investors should watch the Feb 27, 2026 vesting date and any subsequent Form 4 filings that report actual shares issued or sales.