MURPHY JOHN 4
4 · COCA COLA CO · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Coca‑Cola (KO) President & CFO John Murphy Sells 99,437 Shares
What Happened
John Murphy, President and Chief Financial Officer of The Coca‑Cola Company, exercised 99,437 stock options (cost $40.89/share; total exercise cost $4,065,979) on Feb 25, 2026 and sold 99,437 shares in the open market the same day for a weighted average price of $80.42/share (total proceeds $7,996,535). The filing also records shares disposed at $0 (tax withholding related to the option exercise) and a new option award on Feb 26, 2026 for 226,595 hypothetical shares under the 2024 Equity Plan (no cash paid).
Key Details
- Transaction dates: Exercise and open‑market sale on 2026-02-25; award granted on 2026-02-26.
- Prices and values: Exercise price $40.89 (total ≈ $4.07M); sale weighted average $80.42 (total ≈ $7.99M). Sale prices ranged $80.355–$80.535 (footnote).
- Tax withholding: Filing shows a disposition at $0 consistent with shares withheld to satisfy tax withholding on the exercise (see footnotes re: withholding right).
- Grant details: 226,595‑share option grant under the 2024 Equity Plan; vests one‑fourth each year beginning Feb 26, 2027.
- Shares owned after transaction: The filing does not list a total beneficial ownership number; it notes shares credited to his Coca‑Cola 401(k) account as of Feb 26, 2026.
- Filing timeliness: Report covers transactions on 2026-02-25 and was filed 2026-02-27 (filed within the typical 2‑business‑day Section 16 reporting window).
Context
This was a routine exercise-and-sell (cashless) transaction: Murphy exercised options and sold the resulting shares the same day, while some shares were withheld for taxes. He also received a new multi‑year option award that vests over four years. Such exercises followed by immediate sales are common ways executives cover exercise costs and tax obligations and are not, by themselves, a clear signal of changed sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.25 Par Value
2026-02-25$40.89/sh+99,437$4,065,979→ 509,987 total - Sale
Common Stock, $.25 Par Value
[F1]2026-02-25$80.42/sh−99,437$7,996,535→ 410,550 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-02-25−99,437→ 0 totalExercise: $40.89Exp: 2027-02-15→ Common Stock, $.25 Par Value (99,437 underlying) - Award
Employee Stock Option (Right to Buy)
[F4]2026-02-26+226,595→ 226,595 totalExercise: $80.45Exp: 2036-02-26→ Common Stock, $.25 Par Value (226,595 underlying)
- 2,407(indirect: By Spouse)
Common Stock, $.25 Par Value
- 1,102(indirect: By 401(k))
Common Stock, $.25 Par Value
[F2] - 8,944(indirect: By 401(k))
Hypothetical Shares
[F5][F6][F7]→ Common Stock, $.25 Par Value (8,944 underlying)
Footnotes (7)
- [F1]The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $80.355 to $80.535. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- [F2]Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of February 26, 2026.
- [F3]Options (with tax withholding right) granted on February 16, 2017 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became exercisable on each of the first, second, third and fourth anniversaries of the grant date.
- [F4]Options (with tax withholding right) granted on February 26, 2026 under The Coca-Cola Company 2024 Equity Plan. One fourth of grant becomes exercisable on each of February 26, 2027, February 29, 2028, February 28, 2029 and February 28, 2030.
- [F5]Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.
- [F6]There is no data applicable with respect to the hypothetical shares.
- [F7]As of February 26, 2026.