Bajaria Bela 4

What Happened Bela Bajaria, a director of The Coca‑Cola Company (KO), was granted 2,756.892 phantom share units on April 1, 2026 as part of her 2026 director compensation. The units are reported at a per‑unit value of $75.81, for a total reported value of $209,000. This is an award/grant (derivative) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-03 (filed timely).
• Grant type: Award/Grant (code A) — phantom share units (derivative), not actual stock.
• Units granted: 2,756.892 phantom share units at $75.81/unit; reported aggregate value $209,000.
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnotes:
  • F2: Each phantom share unit is economically equivalent to one share of common stock.
  • F3–F5: Units were credited under The Coca‑Cola Company Directors' Plan for 2026 compensation (may include voluntary deferrals and phantom dividends). Phantom units are settled in cash after the director leaves the board (see foonotes for timing).
  • Exhibit: Power of Attorney included (Exhibit 24).

Context Phantom share units are a deferred‑compensation award that track the value of common stock but are typically settled in cash (here, the Directors' Plan specifies settlement after leaving the Board). Because this is an award rather than a purchase, it reflects compensation, not an immediate buy signal; it does not involve exercising options or selling shares.