O'Toole Amie Thuener 4

What Happened

• Amie Thuener O'Toole, a director of Keurig Dr Pepper Inc. (KDP), received a grant of 6,062 restricted stock units (RSUs) on March 4, 2026. The grant price is reported as $0.00 because these are derivative awards (contingent rights to shares), so no cash was exchanged at grant and the immediate dollar value is not listed.
• These RSUs do not convert into actual shares until they vest; the filing does not report an immediate change in tradable shares or cash proceeds. This is an equity award (not a purchase or sale).

Key Details

• Transaction date: March 4, 2026; Filing date: March 6, 2026 (filed within the typical 2-business-day Form 4 window).
• Grant: 6,062 RSUs @ $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The RSUs vest on March 4, 2031, subject to vesting conditions and exceptions; each RSU represents the contingent right to receive one share of common stock upon vesting.
• No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context

• RSU grants to directors are a common form of long-term compensation and align recipients' interests with shareholders over the vesting period. Because these awards are contingent and long-dated (five-year vest), they do not represent an immediate buy or sell signal.
• For retail investors: this is a compensation grant, not an insider purchase. It increases potential future dilution if/when the RSUs vest and convert to shares.