Davis Christopher C 4

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.