Allen Herbert A III 4
4 · COCA COLA CO · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Coca-Cola (KO) Director Allen Herbert A III Receives Award
What Happened
- Allen Herbert A III, a director of The Coca‑Cola Company (KO), was credited with 4,089.17 phantom share units on 2026-04-01 as an award under the company's Directors' Plan. The filing lists an economic value of $75.81 per unit, totaling $310,000. This was an award/credit (derivative), not an open-market purchase.
Key Details
- Transaction date and price: 2026-04-01; 4,089.17 units at $75.81 each (total $310,000).
- Transaction type: Award/grant of phantom share units (derivative) under The Coca‑Cola Company Directors' Plan.
- Settlement: Phantom units are settled in cash after the director leaves the board (the later of Jan 15 following departure or six months after departure).
- Economic equivalence: Each phantom unit is economically equivalent to one share of common stock.
- Shares owned after transaction: The filing does not state total common shares owned by Mr. Allen following this credit.
- Notable footnotes:
- F2: Some shares are held by Allen & Company LLC; Mr. Allen disclaims beneficial ownership except for his pecuniary interest.
- F4–F6: Units were credited as 2026 compensation under the Directors' Plan, include possible voluntary deferrals and accrued phantom dividends, and are cash-settled per the plan terms.
- F1: Exhibit includes a Power of Attorney (Exhibit 24).
Context
- These are director compensation awards (phantom share units), a common non‑purchase way companies pay board members. They are derivative/cash‑settled and do not necessarily indicate a personal cash investment or immediate share purchases.
Insider Transaction Report
Form 4
Allen Herbert A III
Director
Transactions
- Award
Phantom Share Units
[F3][F4][F5][F6]2026-04-01$75.81/sh+4,089.17$310,000→ 22,601.897 totalExercise: $0.00→ Common Stock, $.25 Par Value (4,089.17 underlying)
Holdings
- 162,610
Common Stock, $.25 Par Value
[F1] - 99,054(indirect: By LLC)
Common Stock, $.25 Par Value
[F2]
Footnotes (6)
- [F1]Exhibit Index - Exhibit No. 24 - Power of Attorney
- [F2]Shares owned by Allen & Company LLC, of which the reporting person is the President. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]Each phantom share unit is economically equivalent to one share of Common Stock.
- [F4]Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
- [F5]The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.
- [F6]This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.
Signature
/s/ April Edwards, attorney-in-fact for Herbert A. Allen III|2026-04-03