CHANG LISA 4

What Happened
Lisa Chang, Executive Vice President of The Coca‑Cola Company, was granted 39,807 performance-share units (PSUs) on Feb 19, 2026. The grant is recorded at $0.00 per share because these are performance-based awards that convert into common stock upon vesting; the PSUs vest on February 27, 2026.

Key Details

• Transaction date: 2026-02-19 (reported on Form 4 filed 2026-02-23). Filing appears timely.
• Transaction type: Award/Grant (code A). Price reported: $0.00.
• Shares/units granted: 39,807 PSUs. Each hypothetical share equals one share of common stock (per footnotes).
• Vesting: These PSUs vest on February 27, 2026 (footnote F1).
• Ownership after transaction: Not specified in the provided excerpt; the filing notes account crediting under the company 401(k) plan as of Feb 19, 2026 (footnote F2/F5).
• Footnotes: F1 explains PSUs are issuable common stock under the 2023–2025 PSU program; F3/F4 clarify hypothetical-share treatment; F2/F5 reference 401(k) credits and as‑of date.

Context
This was an equity compensation award (not a market purchase or sale). PSUs represent contingent future shares tied to performance/time and will only become actual shares if vesting and performance conditions are met; they do not represent immediate cash proceeds. Such grants are commonly part of executive pay and do not, by themselves, indicate insider buying or selling intent.