Keurig Dr Pepper Inc
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Stock-Based Compensation
- Stock-Based Compensation
The components of stock-based compensation expense are presented below:
| First Quarter | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Total stock-based compensation expense | $28 | $29 |
| Income tax benefit | (4) | (5) |
| Stock-based compensation expense, net of tax | $24 | $24 |
RESTRICTED SHARE UNITS
The table below summarizes RSU activity:
| RSUs | Weighted Average Grant Date Fair Value | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in millions) | |
|---|---|---|---|---|
| Outstanding as of December 31, 2023 | 15,748,820 | $29.42 | 1.7 | $525 |
| Granted | 3,903,657 | 26.22 | ||
| Vested and released | (4,475,912) | 26.37 | 131 | |
| Forfeited | (134,802) | 31.50 | ||
| Outstanding as of March 31, 2024 | 15,041,763 | $29.48 | 2.4 | $461 |
As of March 31, 2024, there was $233 million of unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a weighted average period of 3.5 years.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.