Everson Carolyn 4

What Happened
Carolyn Everson, a director of The Coca‑Cola Company (KO), was credited with 2,638.174 phantom share units on April 1, 2026 as an award under the company's Directors' Plan. The filing reports a per‑unit valuation of $75.81, for a total value of approximately $200,000. This is an award (not an open‑market purchase or sale) and represents deferred/phantom equity rather than actual shares delivered immediately.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears to be filed within the usual two-business‑day window).
• Award type: Grant/award of phantom share units (Derivative transaction code A).
• Units credited: 2,638.174 phantom share units; per‑unit valuation shown: $75.81; total value ≈ $200,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • Phantom units are economically equivalent to one share of common stock (F2).
  • Units credited under the Directors' Plan for 2026 compensation and may include voluntary deferrals (F3).
  • Phantom units are settled in cash after the director leaves the Board (either January 15 of the year after departure or six months after departure) (F4).
  • The reported total includes phantom dividends credited through April 1, 2026 (F5).
• Exhibit: Power of Attorney included (Exhibit 24) (F1).

Context
Phantom share units are a form of deferred compensation that track the value of company stock but are typically settled in cash later; they do not represent immediate ownership of shares or an immediate buy/sell signal. Awards to non‑executive directors under a directors' plan are routine and intended to compensate service and align interests with shareholders.