WEINBERG DAVID B 4
4 · COCA COLA CO · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Coca-Cola (KO) Director David Weinberg Receives Phantom Share Award
What Happened
David B. Weinberg, a director of The Coca‑Cola Company (KO), received 4,221.079 phantom share units on April 1, 2026. The units are reported at an equivalent per-share value of $75.81, for a total reported value of $320,000. This was an award/credit under the Coca‑Cola Directors' Plan (derivative award), not an open‑market purchase of common stock.
Key Details
- Transaction date and terms: April 1, 2026 — Award of 4,221.079 phantom share units at $75.81/unit (total $320,000). (Report filed Apr 3, 2026.)
- Security type: Derivative — phantom share units economically equivalent to one share of Common Stock (F4).
- Plan and settlement: Units were credited under the Directors' Plan for 2026 compensation (effective June 1, 2025) and may include voluntary deferrals and phantom dividends (F5, F7). Phantom units are settled in cash after the director leaves the Board (later of Jan 15 following departure or six months after departure) (F6).
- Ownership disclosure: Reported securities are held in three trusts of which Weinberg is a trustee; he disclaims beneficial ownership except to the extent of his pecuniary interest (F2, F3).
- Filing timing: Report covers the April 1, 2026 transaction and was filed on April 3, 2026 (no late‑filing indication in the document).
Context
This was a compensation award of phantom share units (derivative, cash‑settled) rather than a purchase of common stock. Phantom units provide economic exposure to share price/dividends but do not confer immediate voting rights or actual shares until settlement; they are typically routine director compensation.
Insider Transaction Report
- Award
Phantom Share Units
[F4][F5][F6][F7]2026-04-01$75.81/sh+4,221.079$320,000→ 78,241.178 total→ Common Stock, $.25 Par Value (4,221.079 underlying)
- 727,902
Common Stock, $.25 Par Value
[F1] - 3,540,000(indirect: By Partnership)
Common Stock, $.25 Par Value
[F2] - 3,000,000(indirect: By Trust)
Common Stock, $.25 Par Value
[F3]
Footnotes (7)
- [F1]Exhibit Index - Exhibit No. 24 - Power of Attorney
- [F2]The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The reported securities are held in three trusts of which the reporting person is one of three trustees. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]Each phantom share unit is economically equivalent to one share of Common Stock.
- [F5]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.
- [F6]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.
- [F7]This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.