Perez Beatriz R 4

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.