Form 4 for KDP Keurig Dr Pepper
Accepted 2021-09-13 00:00:00 ET · period of report 2021-09-09 · accession 0001209191-21-055727 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-13 | 2021-09-09 | KDP | Hopkins Herbert Derek | Pres, Cold Beverages | M - OptEx | $0.00 | +108.3K | 576.7K | +23% | $0 |
| D | 2021-09-13 | 2021-09-10 | KDP | Hopkins Herbert Derek | Pres, Cold Beverages | S - Sale+OE | $35.04 | -38.5K | 538.2K | -7% | -$1.35M |
| D | 2021-09-13 | 2021-09-09 | KDP | Hopkins Herbert Derek | Pres, Cold Beverages | M - OptEx | $0.00 | -108.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-09 | M | A | 108,257 | $0.00 | 576,711 | D | — | — | (F1) Restricted Stock Units ("RSUs") converted into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2021-09-10 | S | D | 38,513 | $35.04 | 538,198 | D | — | — | (F2) These shares were sold to cover the payment of applicable taxes as a result of the vesting of the RSUs. This "sell to cover" transaction in order to satisfy tax obligations does not represent a discretionary transaction by the reporting person. (F3) The price represents the weighted average sales price of the shares that were sold in multiple transactions at prices ranging from $35.0111 to $35.0650. The reporting person undertakes to provide to the Company, any security holder of the Company or the SEC, upon request, full information regarding the number of shares sold at each separate price. |
| 3 | Derivative | Restricted Stock Units | 2021-09-09 | M | D | 108,257 | $0.00 | 0 | D | — · — to — | 108,257 Common Stock | (F1) Restricted Stock Units ("RSUs") converted into common stock on a one-for-one basis. (F4) As previously disclosed, these RSUs were acquired by the reporting person as a result of the conversion of restricted stock units of Maple Parent Holdings Corp. ("Maple") to restricted stock units of the Issuer pursuant to the Agreement and Plan of Merger, dated as of January 29, 2018, by and among Maple, Dr Pepper Snapple Group, Inc. and Salt Merger Sub, Inc. The RSUs vested in full on September 9, 2021. |