Gorli Eric 4

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.