Cofer Timothy P. 4

4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 7, 2026

Keurig Dr Pepper CEO Timothy Cofer Exercises RSUs, Sells Shares

What Happened

Timothy P. Cofer, CEO & President and Director of Keurig Dr Pepper (KDP), reported the conversion/vesting of RSU awards and related share movements in early March 2026. The filing shows RSU awards reported on March 4, 2026 (168,861 and 225,148 RSUs) and conversion/exercise activity on March 5, 2026.
Specifically, the report shows exercise/conversion entries for 30,969 shares (reported both as acquired and disposed at $0.00, per the filing) and a tax-withholding disposition of 12,187 shares at $28.05 per share, totaling $341,845. The RSUs convert one-for-one into common stock under the company’s Omnibus Stock Incentive Plan.

Key Details

Transaction dates: March 4, 2026 (RSU awards reported); March 5, 2026 (exercise/conversion and tax withholding).
Reported share counts: awards of 168,861 and 225,148 RSUs; exercise/conversion of 30,969 shares; 12,187 shares withheld to satisfy tax obligations.
Prices/values: tax withholding executed at $28.05/share (12,187 × $28.05 = $341,845). RSU conversions/exercises reported at $0.00 per share (standard for one-for-one RSU-to-stock conversion).
Codes explained: A = award/grant (RSUs); M = exercise/conversion of derivative; F = shares withheld/used to pay taxes.
Vesting/footnotes: RSUs are one-for-one convertible and are subject to vesting schedules (various multi-year installment schedules noted in the filing). Some RSUs converted into common stock pursuant to the 2019 Omnibus Stock Incentive Plan.
Filing timeliness: Reported on March 6, 2026 for transactions occurring March 4–5, 2026; no late-filing flag was indicated in the disclosure.

Context

This activity appears to be vesting/conversion of RSUs with shares withheld to cover tax liabilities (a common administrative step), not an open-market sale for investment purposes. The reported disposals for tax withholding total ~12.2k shares ($341.8k); the other reported M entries at $0 likely reflect internal conversion/settlement mechanics rather than a market sale.
For retail investors: such RSU vesting and tax-withholding transactions are routine for executives and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-03-04

DirectorCEO & President

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-05+30,969→ 471,039 total
Tax Payment
Common Stock
[F2]
2026-03-05$28.05/sh−12,187$341,845→ 458,852 total
Award
Restricted Stock Unit
[F3]
2026-03-04+168,861→ 168,861 total
→ Common Stock (168,861 underlying)
Award
Restricted Stock Unit
[F4]
2026-03-04+225,148→ 225,148 total
→ Common Stock (225,148 underlying)
Exercise/Conversion
Restricted Stock Unit
[F5]
2026-03-05−30,969→ 92,905 total
→ Common Stock (30,969 underlying)

Holdings

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 in three installments as follows: 60% on March 4, 2029; 20% on March 4, 2030; and 20% on March 2, 2031. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
[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.

Signature

/s/ Mark Jackson, attorney in fact|2026-03-06

1 file