Gamgort Robert James 4
4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Keurig Dr Pepper (KDP) Director Robert Gamgort Exercises RSUs, Withholds 5,540 Shares
What Happened Robert Gamgort, a director of Keurig Dr Pepper (KDP), had restricted stock units (RSUs) convert into common stock in early March 2026. The filing shows 14,077 RSUs converted into shares (reported as exercise/conversion). To satisfy tax withholding upon vesting, 5,540 of those shares were withheld at $28.05 per share, generating approximately $155,397 in tax payment. A separate RSU award of 10,392 shares was also reported as an acquisition (derivative) on March 4, 2026.
Key Details
- Transaction dates: March 4–5, 2026; Form 4 filed March 6, 2026 (appears filed within the required reporting window).
- Conversion/Exercise: 14,077 shares reported as converted from RSUs (code M); reported acquisition value $0 because RSUs convert one-for-one (footnote F1).
- Tax withholding: 5,540 shares withheld to pay taxes at $28.05/share, totaling $155,397 (code F; footnote F2).
- Award reported: 10,392 RSU grant reported March 4, 2026 (code A); some RSUs remain subject to longer vesting schedules (footnotes F3, F4).
- Shares owned after the transaction: not specified in this filing.
Context
- These transactions reflect RSU vesting and the standard tax-withholding procedure, not an open-market sale or a cash purchase. Withholding shares to cover taxes is common and does not necessarily indicate a bullish or bearish signal.
- Footnotes clarify that RSUs convert one-for-one into common stock and include different vesting schedules: some awards vest over 2026–2029 (25% annual installments from March 5, 2026) and other RSUs may vest as late as March 4, 2031 (see F3–F4).
Insider Transaction Report
Form 4
Gamgort Robert James
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-05+14,077→ 1,956,952 total - Tax Payment
Common Stock
[F2]2026-03-05$28.05/sh−5,540$155,397→ 1,951,412 total - Award
Restricted Stock Unit
[F3]2026-03-04+10,392→ 10,392 total→ Common Stock (10,392 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4]2026-03-05−14,077→ 42,230 total→ Common Stock (14,077 underlying)
Holdings
- 102,142(indirect: By Trust)
Common Stock
- 1,000,000(indirect: By Trust)
Common Stock
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 restricted stock units vest on March 4, 2031. Each restricted stock unit 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.
Signature
/s/ Mark Jackson, attorney in fact|2026-03-06