Lemire Olivier 4

What Happened
Olivier Lemire, President, U.S. Coffee at Keurig Dr Pepper (KDP), received new RSU awards and had restricted stock units convert into common stock. The filing shows two RSU grants of 18,185 and 48,494 shares (total 66,679 RSUs) reported on March 4, 2026 (grants). On March 5, 2026, 2,394 derivative shares were converted/exercised into common stock (reported as acquired), and 1,239 of the resulting shares were withheld to pay taxes, generating proceeds of $34,754 (1,239 shares x $28.05). These events are routine compensation-related vesting and tax-withholding transactions rather than open-market buying or selling.

Key Details

• Transaction dates: grants reported 2026-03-04; conversion/exercise and tax withholding reported 2026-03-05; Form 4 filed 2026-03-06 (appears timely).
• Grants: 18,185 RSUs and 48,494 RSUs granted (total 66,679 RSUs). RSUs convert one-for-one into common shares (per filing).
• Conversion/exercise: 2,394 derivative shares converted/exercised (acquired).
• Tax withholding: 1,239 shares were withheld/ disposed to cover taxes at $28.05/share, totaling $34,754. This is a net-share settlement (tax withholding) under Rule 16b-3.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs convert 1:1; various RSU grants are subject to multi-year vesting schedules (annual/quarterly installments as disclosed); one prior RSU grant (March 5, 2025) vested and converted on its anniversary per the plan.

Context
This activity reflects compensation-related vesting/conversion of RSUs and share withholding for taxes (a cashless/net settlement), not an open-market sale or a discretionary purchase. For retail investors, such filings signal routine executive compensation mechanics rather than a direct buy/sell sentiment indicator.