DeNooyer Mary Beth 4

What Happened

• Mary Beth DeNooyer, Chief Human Resources Officer of Keurig Dr Pepper, received two RSU grants on 2026-03-04 totaling 114,307 restricted stock units (derivative awards).
• On 2026-03-05, 6,757 RSUs converted into common stock (one-for-one). To cover taxes, 3,404 of those shares were withheld/treated as disposed at $28.05 each, totaling $95,482. Net common shares added from the conversion were 3,353 shares. The RSU grants themselves are derivative awards that vest over future years.

Key Details

• Grant dates: 2026-03-04 — 31,175 RSUs and 83,132 RSUs granted (total 114,307 RSUs, listed as derivative acquisitions).
• Conversion/exercise date: 2026-03-05 — 6,757 RSUs converted to common stock (exercise/conversion code M).
• Tax withholding: 3,404 shares disposed at $28.05 per share for $95,482 (code F — shares withheld to pay taxes).
• Net immediate change: +3,353 common shares after withholding; plus 114,307 RSUs held as unvested derivative awards.
• Vesting notes: the new RSUs vest over multi-year schedules (one grant vests 25% annually 2027–2030; the other vests one‑third each year 2027–2029). Previously granted RSUs converted per the plan (see footnotes).
• Filing: Report filed 2026-03-06 for activity on 2026-03-04/03-05; appears to be a timely Form 4.

Context

• This filing reflects standard equity compensation activity: new RSU awards (long-term compensation) and conversion of vested RSUs to common stock.
• The 3,404-share disposition was a routine tax-withholding sale, not an open-market sell for investment purposes.
• RSU grants are contingent and vest over future dates; they are not immediate cash purchases and do not necessarily indicate a change in insider sentiment.