WEINBERG DAVID B 4

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.