Shoemaker Anthony 4

4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 7, 2026

Keurig Dr Pepper CLO Anthony Shoemaker Converts 6,757 Shares; Receives RSU Grants

What Happened

Anthony Shoemaker, Chief Legal Officer of Keurig Dr Pepper (KDP), had 6,757 restricted stock units (RSUs) convert into common stock (exercise/conversion) on March 5, 2026 at no cash exercise price. Of those, 2,659 shares were withheld to cover applicable taxes at $28.05 per share, totaling $74,585. The net increase in shares from that conversion was 4,098 shares (6,757 converted less 2,659 withheld).
Separately, on March 4, 2026 Shoemaker was granted two RSU awards totaling 142,883 RSUs (38,968 and 103,915 RSUs). These are awards/derivative grants subject to vesting schedules described in the filing (see footnotes).

Key Details

Transaction dates/prices:
- March 5, 2026: conversion/exercise of 6,757 RSUs @ $0.00 per share (acquired).
- March 5, 2026: 2,659 shares withheld for taxes @ $28.05 = $74,585 (reported as tax withholding).
- March 4, 2026: grants of 38,968 RSUs and 103,915 RSUs @ $0.00 (awarded, derivative).
Shares owned after transaction: not specified in the filing.
Notable footnotes:
- RSUs convert one-for-one into common stock (F1). Shares were withheld to satisfy tax withholding upon vesting (F2).
- The two March 4, 2026 RSU awards carry different multi-year vesting schedules (one vests in four annual installments — F3; the other vests in three annual installments — F4).
- The converted RSUs relate to a prior March 5, 2025 grant that vests 25% on March 5, 2026 (F5).
Filing timeliness: Form 4 was filed March 6, 2026, and the filing appears timely (within the usual two-business-day rule).

Context

These transactions are internal compensation events (RSU vesting and grants), not open-market buys or sales. The conversion was essentially a tax-withholding cashless settlement (shares withheld rather than a market sale), which is routine for RSU vesting and does not by itself indicate buying or selling sentiment.
The large March 4 RSU grants are forward-looking awards subject to multi-year vesting; they do not immediately increase freely tradable shares until each tranche vests.

Form 4

Period: 2026-03-04

Chief Legal Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-05+6,757→ 142,940 total
Tax Payment
Common Stock
[F2]
2026-03-05$28.05/sh−2,659$74,585→ 140,281 total
Award
Restricted Stock Unit
[F3]
2026-03-04+38,968→ 38,968 total
→ Common Stock (38,968 underlying)
Award
Restricted Stock Unit
[F4]
2026-03-04+103,915→ 103,915 total
→ Common Stock (103,915 underlying)
Exercise/Conversion
Restricted Stock Unit
[F5]
2026-03-05−6,757→ 20,271 total
→ Common Stock (6,757 underlying)

Footnotes (5)

[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]Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
[F5]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

1 file