Keurig Dr Pepper Inc 8-K, filed Sep 18, 2020
Keurig Dr Pepper Inc. (KDP)
8-K
2020-09-18
For: 2020-09-15
View Original
Added on
April 11, 2026
About this 8-K
Keurig Dr Pepper Inc filed this 8-K on September 18, 2020, reporting on events of September 15, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 15, 2020
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2020, the Remuneration and Nomination Committee (the “Committee”) of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) approved retention incentive awards for three of the Company’s Named Executive Officers. The awards are structured as restricted stock units (“RSUs”) that vest in four equal installments on each of the second, third, fourth and fifth anniversary of the date of grant, subject to continued employment with the Company and other vesting conditions, including the requirement that the executive has retained ownership of at least as many shares of Company stock as the full number of RSUs that were granted. Upon vesting, each RSU is settled in one share of the Company’s common stock.
On the Committee’s recommendation, the Board approved RSU awards as set forth below, with a grant date of September 15, 2020:
| Name | Title | Number of RSUs | ||||||
| Robert Gamgort | Chairman & Chief Executive Officer | 868,056 | ||||||
| Ozan Dokmecioglu | Chief Financial Officer | 381,945 | ||||||
| Derek Hopkins | Chief Commercial Officer | 173,612 | ||||||
Each of these executives currently holds significant equity awards granted in 2016 that are scheduled to cliff vest in the first quarter of 2021, following a five-year holding period. The new RSU awards reflect the Board’s commitment to retaining critical executive talent after such vesting event and ensuring management’s continued focus on long-term value creation and alignment with shareholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| KEURIG DR PEPPER INC. | ||||||||||||||||||||
| Dated: September 17, 2020 | ||||||||||||||||||||
| By: | /s/ James L. Baldwin | |||||||||||||||||||
| Name: | James L. Baldwin | |||||||||||||||||||
| Title: | Chief Legal Officer, General Counsel and Secretary | |||||||||||||||||||