Keurig Dr Pepper Inc. — Director's Dealing 2024

Sep 18, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Keurig Dr Pepper Inc. (KDP)
CIK: 0001418135
Period of Report: 2024-09-16

Reporting Person: Shoemaker Anthony (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-09-16	Common Stock	M	1476	—	Acquired	93125	Direct
2024-09-16	Common Stock	F	581	$37.35	Disposed	92544	Direct
2024-09-16	Common Stock	M	2357	—	Acquired	94901	Direct
2024-09-16	Common Stock	F	928	$37.35	Disposed	93973	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-09-16	Restricted Stock Unit	$	M	2357	Disposed		Common Stock (2357)	Direct
2024-09-16	Restricted Stock Unit	$	M	1476	Disposed		Common Stock (1476)	Direct

Footnotes

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: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

F4: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in three installments as follows: 60% on September 15, 2023; 20% on September 15, 2024, and 20% on September 15, 2025. Twenty percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.