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Keurig Dr Pepper Inc.·4

Mar 6, 8:04 PM ET

Shoemaker Anthony 4

Research Summary

AI-generated summary

Updated

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.