Ortega Luisa 4

What Happened
Luisa Ortega, President of Coca‑Cola Europe OU, was awarded a derivative equity grant of 53,464 shares (reported as $0.00 on the Form 4) on February 26, 2026. The filing shows this as an award/grant of options under The Coca‑Cola Company 2024 Equity Plan rather than an open‑market purchase or sale.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the SEC two‑business‑day window).
• Grant amount: 53,464 options (reported as acquisition, $0.00 price on the Form 4).
• Shares owned following the transaction: not specified in the provided extract.
• Footnote: Options include a tax‑withholding right and vest in four equal annual installments — 25% on Feb 26, 2027; then Feb 29, 2028; Feb 28, 2029; and Feb 28, 2030.
• No indication this was a sale or exercise; it is an award (derivative grant).

Context
This was a time‑based option award (derivative), meaning Ortega does not immediately receive freely tradable shares — the options vest over time and would need to be exercised (and possibly taxed) to convert into stock. Awards like this are common for executive compensation and retention; they are informational but do not by themselves signal a buying or selling choice in the market.