OLIVEIRA RAFAEL 4

What Happened Rafael Oliveira, CEO of Keurig Dr Pepper’s Coffee Operating Unit, received two restricted stock unit (RSU) awards on April 27, 2026. Each award was for 177,620 RSUs (total 355,240 RSUs). The RSUs were reported as derivative awards with a $0 per-share acquisition price (typical for RSU grants—no cash paid). This is an equity compensation award, not a purchase or sale.

Key Details

• Transaction date: 2026-04-27; Filing date: 2026-04-29 (timely).
• Awards: 2 grants × 177,620 RSUs = 355,240 RSUs total; reported acquisition price $0 (derivative).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: One award vests 60% on April 27, 2029; 20% on April 27, 2030; and 20% on April 27, 2031.
• Footnote F2: The other award vests one-third each year on April 27, 2027, 2028 and 2029.
• Each RSU represents a contingent right to receive one share of KDP common stock upon vesting.

Context RSUs are compensation that convert to actual shares only when they vest; they carry no immediate cash value unless and until converted. To estimate the grant’s market value, multiply the number of RSUs by KDP’s stock price on or around the grant date. These awards are routine long-term retention/compensation grants and are neither an explicit bullish purchase nor a sale of shares.