Stephens Angela A. 4
4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Keurig Dr Pepper (KDP) VP & Controller Angela Stephens Exercises RSUs, Withholds Shares
What Happened
Angela A. Stephens, Senior Vice President & Controller of Keurig Dr Pepper, had RSU activity in early March 2026. RSUs that vested converted into 2,394 shares on March 5, 2026; of those, 900 shares were withheld/surrendered to cover tax withholding at $28.05 per share (generating ~$25,245). Separately, on March 4, 2026 she was recorded as receiving a new award of 11,041 restricted stock units (RSUs) that are derivative awards.
Key Details
- Transaction dates: March 4, 2026 (grant of 11,041 RSUs); March 5, 2026 (conversion/exercise of 2,394 RSUs; 900 shares withheld for taxes).
- Prices/values: Withheld shares: 900 shares × $28.05 = $25,245 (used to satisfy tax liabilities). Converted/issued shares are recorded at $0 per share for the derivative conversion.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes:
- F1/F4: RSUs convert one-for-one into common stock; the converted RSUs on March 5, 2026 relate to a March 5, 2025 grant.
- F2: 900 shares were withheld to pay applicable taxes upon vesting (routine tax withholding under Rule 16b‑3).
- F3: The new 11,041 RSUs (granted March 4, 2026) vest in four annual installments (25% each year beginning March 4, 2027) and represent contingent rights to receive shares on vesting.
- Timeliness: Form filed March 6, 2026 for transactions on March 4–5, 2026; filing appears timely.
Context
This activity combines a routine tax-withholding event for vested RSUs (selling/withholding some shares to cover taxes) with a new RSU grant. The conversion/withholding is an administrative, non-discretionary event and is common when equity awards vest; it is not by itself a clear buy/sell signal about the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-05+2,394→ 64,397 total - Tax Payment
Common Stock
[F2]2026-03-05$28.05/sh−900$25,245→ 63,497 total - Award
Restricted Stock Unit
[F3]2026-03-04+11,041→ 11,041 total→ Common Stock (11,041 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4]2026-03-05−2,394→ 7,179 total→ Common Stock (2,394 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
- [F3]Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F4]As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.