May Erin L 4

What Happened

Erin L. May, SVP and Chief Accounting Officer of The Coca‑Cola Company, received an award of 15,855 shares (transaction code A) reported on Feb 19, 2026. The Form 4 lists the acquisition price as $0.00 because these are performance share units (PSUs) granted rather than a cash purchase.

Key Details

• Transaction date: 2026-02-19 (Form 4 filed 2026-02-23; filing appears timely).
• Security: 15,855 common shares issuable upon vesting of performance share units (PSUs). Reported acquisition price: $0.00.
• Vesting: PSUs vest on February 27, 2026 (per footnote F1).
• Footnotes: F1 = these are common shares issuable upon vesting under the 2023–2025 PSU program; F2 notes shares credited to the reporting person’s Coca‑Cola 401(k) account as of Feb 19, 2026; F3 clarifies each hypothetical share equals one common share.
• Shares owned after transaction: not specified in this filing.

Context

This was a grant of performance‑based equity, not an open‑market purchase or sale. PSUs convert to actual shares only if performance and vesting conditions are met (vesting date here is Feb 27, 2026), so the grant does not represent an immediate cash investment by the insider. Such awards are common components of executive compensation and do not by themselves indicate insider buying or selling intent.