Johnson Roger Frederick 4

What Happened

• Roger Johnson, Chief Supply Chain Officer of Keurig Dr Pepper (KDP), had restricted stock units (RSUs) convert into common stock. The filing shows a conversion/exercise event resulting in 6,757 shares (recorded 2026-03-05). To satisfy tax withholding obligations, 2,659 shares were disposed at $28.05 per share, netting $74,585. The filing also records RSU awards (38,968 and 103,915 RSUs) reported on 2026-03-04 (derivative awards).

Key Details

• Transaction dates and actions:
  • 2026-03-04: Grants/awards reported — 38,968 RSUs and 103,915 RSUs (derivative awards, $0 exercise price).
  • 2026-03-05: Exercise/conversion of derivative — 6,757 shares acquired (M code).
  • 2026-03-05: Shares withheld for taxes — 2,659 shares disposed at $28.05 each, total $74,585 (F code).
  • 2026-03-05: A corresponding derivative disposition entry for 6,757 shares is also recorded (M code, $0).
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes:
  • RSUs convert one-for-one into common shares on vesting.
  • Shares were withheld to satisfy applicable tax withholding upon RSU vesting.
  • Various RSU grants have multi-year vesting schedules (see filing footnotes for details).
• Timeliness: Report filed 2026-03-06 for transactions on 2026-03-04 and 2026-03-05; the filing does not indicate a late report.

Context

• These entries reflect RSU vesting and ordinary tax-withholding mechanics—not an open-market sale for investment purposes. The withheld shares were used to cover taxes (a routine administrative step) rather than representing a discretionary sale by the insider.
• For retail investors: purchases are generally more informative about insider sentiment. In this case, the activity is vesting/conversion and tax withholding of RSUs.