May Erin L 4
Research Summary
AI-generated summary
Coca-Cola (KO) SVP Erin L. May Sells 5,267 Shares
What Happened
Erin L. May, SVP and Chief Accounting Officer of The Coca‑Cola Company, had 5,267 shares withheld to satisfy tax liabilities related to the vesting of performance share units (PSUs). The filing reports the shares valued at $80.50 each, for a total disposition value of $423,994. This transaction is a tax-withholding event (code F), not an open-market sale or new purchase.
Key Details
- Transaction date: February 27, 2026
- Price per share: $80.50; Shares disposed/withheld: 5,267; Reported value: $423,994
- Transaction code: F — shares withheld to satisfy tax liabilities upon PSU vesting
- Footnote highlights:
- F1: Withholding relates to PSUs issued Feb 19, 2026 under the 2023–2025 PSU program.
- F2/F5: References shares credited to the reporting person's 401(k) account and as-of date Feb 26, 2026.
- Shares owned after the transaction: Not specified in this Form 4 filing.
- Filing timeliness: Form filed on March 3, 2026 for a Feb 27, 2026 transaction — filed within the required two business days.
Context
This was a routine tax-withholding disposition tied to PSU vesting (a common administrative step where the company retains shares to cover taxes). Such withholdings are standard and do not necessarily indicate a change in the insider’s view of the company’s stock.