Gorli Eric 4
4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Keurig Dr Pepper President Eric Gorli Receives RSUs, Sells Shares
What Happened Eric Gorli, President, U.S. Refreshment Beverages for Keurig Dr Pepper (KDP), received new restricted stock unit (RSU) awards on March 4, 2026 (totaling 142,883 RSUs: 103,915 and 38,968). On March 5, 2026, previously granted RSUs (from 3/5/2025) converted into 6,757 shares of common stock; 2,659 of those shares were withheld/sold to satisfy tax withholding, generating $74,585. Net shares added from the conversion/settlement were 4,098 shares (6,757 converted minus 2,659 withheld).
Key Details
- Transactions filed: reported on Form 4 dated 2026-03-06 for transactions on 2026-03-04 and 2026-03-05. Filing appears timely.
- Grants (3/4/2026): 103,915 RSUs and 38,968 RSUs (derivative awards, $0 per share shown).
- Conversion/settlement (3/5/2026): 6,757 RSUs converted to common stock (M code, $0 exercise price); 2,659 shares withheld/sold for taxes (F code) at $28.05 each, total $74,585.
- Net new shares from the vesting/settlement: 4,098 shares retained by Mr. Gorli.
- Shares owned after transaction: not specified in the filing.
- Footnotes: RSUs convert 1-for-1 into common stock; some RSU grants vest over multiple years (vesting schedules described in filing). Withholding was for tax obligations upon vesting (routine).
Context These transactions are compensation-related (RSU grants and vesting) rather than open-market purchases or discretionary sales. The conversion and immediate withholding/sale of a portion of shares to cover taxes (a common "sell-to-cover" or withholding) is routine and does not by itself signal an investment view. The larger RSU awards granted on March 4 vest over future years per the filing's schedules.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-05+6,757→ 100,952 total - Tax Payment
Common Stock
[F2]2026-03-05$28.05/sh−2,659$74,585→ 98,293 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.