DeNooyer Mary Beth 4

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

AI-generated summary of this filing

Updated Mar 7, 2026

Keurig Dr Pepper (KDP) CHRO Mary Beth DeNooyer Exercises RSUs, Sells Shares

What Happened

Mary Beth DeNooyer, Chief Human Resources Officer of Keurig Dr Pepper, received two RSU grants on 2026-03-04 totaling 114,307 restricted stock units (derivative awards).
On 2026-03-05, 6,757 RSUs converted into common stock (one-for-one). To cover taxes, 3,404 of those shares were withheld/treated as disposed at $28.05 each, totaling $95,482. Net common shares added from the conversion were 3,353 shares. The RSU grants themselves are derivative awards that vest over future years.

Key Details

Grant dates: 2026-03-04 — 31,175 RSUs and 83,132 RSUs granted (total 114,307 RSUs, listed as derivative acquisitions).
Conversion/exercise date: 2026-03-05 — 6,757 RSUs converted to common stock (exercise/conversion code M).
Tax withholding: 3,404 shares disposed at $28.05 per share for $95,482 (code F — shares withheld to pay taxes).
Net immediate change: +3,353 common shares after withholding; plus 114,307 RSUs held as unvested derivative awards.
Vesting notes: the new RSUs vest over multi-year schedules (one grant vests 25% annually 2027–2030; the other vests one‑third each year 2027–2029). Previously granted RSUs converted per the plan (see footnotes).
Filing: Report filed 2026-03-06 for activity on 2026-03-04/03-05; appears to be a timely Form 4.

Context

This filing reflects standard equity compensation activity: new RSU awards (long-term compensation) and conversion of vested RSUs to common stock.
The 3,404-share disposition was a routine tax-withholding sale, not an open-market sell for investment purposes.
RSU grants are contingent and vest over future dates; they are not immediate cash purchases and do not necessarily indicate a change in insider sentiment.

Form 4

Period: 2026-03-04

Chief Human Resources Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-05+6,757→ 99,575 total
Tax Payment
Common Stock
[F2]
2026-03-05$28.05/sh−3,404$95,482→ 96,171 total
Award
Restricted Stock Unit
[F3]
2026-03-04+31,175→ 31,175 total
→ Common Stock (31,175 underlying)
Award
Restricted Stock Unit
[F4]
2026-03-04+83,132→ 83,132 total
→ Common Stock (83,132 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.

Signature

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

1 file