Davis Christopher C 4
4 · COCA COLA CO · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Coca-Cola (KO) Director Christopher Davis Receives 4,089 Phantom Units
What Happened Christopher C. Davis, a director of The Coca‑Cola Company (KO), was credited with 4,089.17 phantom share units (derivative award) on 2026-04-01. The units were valued at $75.81 each for a total award value of $310,000. This was an award under the company’s Directors' Plan (transaction code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filing appears timely).
- Award: 4,089.17 phantom share units at $75.81 per unit; total reported value $310,000.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F2–F5 state that phantom units are economically equivalent to one share, credited under the Directors' Plan (effective June 1, 2025) for 2026 compensation, may include voluntary deferred compensation and phantom dividends, and are settled in cash after the director leaves the board (see settlement timing rules). F1 references a Power of Attorney exhibit.
- Transaction type: Derivative award (phantom units), not an exercise or cash purchase.
Context Phantom share units are payable in cash and mirror the economic value of common shares but do not represent immediate stock ownership or voting rights. Director awards like this are routine compensation and reflect pay accruals rather than a direct market bet by the insider.
Insider Transaction Report
- Award
Phantom Share Units
[F2][F3][F4][F5]2026-04-01$75.81/sh+4,089.17$310,000→ 50,218.548 totalExercise: $0.00→ Common Stock, $.25 Par Value (4,089.17 underlying)
- 20,000
Common Stock, $.25 Par Value
[F1]
Footnotes (5)
- [F1]Exhibit Index - Exhibit No. 24 - Power of Attorney
- [F2]Each phantom share unit is economically equivalent to one share of Common Stock.
- [F3]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.
- [F4]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.
- [F5]This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.