LAGOMASINO MARIA ELENA 4

What Happened
Maria Elena Lagomasino, a director of The Coca‑Cola Company (KO), was credited with 1,121.224 phantom share units as an award under the company's Directors' Plan on April 1, 2026. The units were recorded at $75.81 each for a total economic value of approximately $85,000. This was an award/credit (derivative) — not an open‑market purchase or sale.

Key Details

• Transaction date and type: April 1, 2026 — Grant/Award (derivative phantom share units). Form filed April 3, 2026 (Accession 0000021344-26-000120).
• Amount: 1,121.224 phantom share units at $75.81 per unit; total value ≈ $85,000.
• Instrument: Phantom share units (derivative); economically equivalent to one share of Common Stock (F2).
• Settlement: Phantom units are settled in cash after the director leaves the Board — the later of (i) January 15 of the year following departure or (ii) six months after departure (F4).
• Plan details: Units credited under The Coca‑Cola Company Directors' Plan for 2026 compensation and may include voluntary deferred compensation; includes phantom dividends credited through April 1, 2026 (F3, F5).
• Exhibit: Power of Attorney included as Exhibit 24 (F1).
• Shares owned after transaction: Not specified in the Form 4.

Context
This was a derivative award (phantom units) rather than actual share issuance or an open‑market trade. Phantom units track the economic value of shares and are paid in cash per the plan's settlement rules, so this credit does not immediately change the director's common‑stock holdings. Awards to directors for board service are routine compensation and should be interpreted as compensation activity, not a direct buy/sell signal.