Perez Beatriz R 4
4 · COCA COLA CO · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Coca‑Cola (KO) EVP Beatriz Perez Exercises Options, Sells Shares
What Happened
Beatriz R. Perez, Executive Vice President of The Coca‑Cola Company, exercised stock options and sold the underlying shares on February 27, 2026. She exercised 21,326 option shares at a $44.48 exercise price (cost ≈ $948,474) and sold those 21,326 shares in an open‑market transaction at $81.00 per share for gross proceeds of ≈ $1,727,406. The filing also reports 13,300 shares disposed to satisfy tax liabilities related to performance share units (withheld at $80.50, ≈ $1,070,650).
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filed within the 2 business‑day window).
- Option exercise: 21,326 shares exercised at $44.48; exercise cost ≈ $948,474.
- Open‑market sale: 21,326 shares sold at $81.00; gross proceeds ≈ $1,727,406.
- Tax withholding: 13,300 shares forfeited/withheld at $80.50 to cover tax liabilities on PSUs vested Feb 19, 2026 (≈ $1,070,650) — per footnote F1.
- Options origin: Grant from Feb 15, 2018 under the 2014 Equity Plan (vested over four anniversaries) — footnote F3.
- A $0.00 derivative line is reported in the filing (bookkeeping for conversion/exercise of derivatives/hypothetical shares) — see footnotes F4/F5.
- Shares owned after the transactions are not specified in this filing.
Context
This was effectively a cashless exercise: options were exercised and the resulting shares were sold the same day. Such transactions are common for executives exercising long‑dated grants and often serve to realize gains, cover exercise costs, and satisfy tax obligations (as shown by the separate share withholding for PSUs). The filing notes the tax withholding and plan/grant details but does not indicate any 10%‑owner status or a 10b5‑1 plan.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.25 Par Value
2026-02-27$44.48/sh+21,326$948,474→ 195,054 total - Sale
Common Stock, $.25 Par Value
2026-02-27$81.00/sh−21,326$1,727,406→ 173,728 total - Tax Payment
Common Stock, $.25 Par Value
[F1]2026-02-27$80.50/sh−13,300$1,070,650→ 160,428 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-02-27−21,326→ 0 totalExercise: $44.48Exp: 2028-02-15→ Common Stock, $.25 Par Value (21,326 underlying)
- 24,200(indirect: By 401(k))
Common Stock, $.25 Par Value
[F2] - 12,462(indirect: By 401(k))
Hypothetical Shares
[F4][F5][F6]→ Common Stock, $.25 Par Value (12,462 underlying)
Footnotes (6)
- [F1]Represents shares withheld to satisfy tax liabilities upon the vesting of performance share units issued on February 19, 2026 under the 2023-2025 performance share unit program.
- [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 15, 2018 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]Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.
- [F5]There is no data applicable with respect to the hypothetical shares.
- [F6]As of February 26, 2026.