Keurig Dr Pepper Inc. DEF 14A: PEO Compensation Details

TL;DR

KDP's DEF 14A drops, showing PEO comp for 2023 based on "actual paid" rules. Gamgort & Dokmecioglu numbers detailed.

AI Summary

Keurig Dr Pepper Inc. filed its DEF 14A on April 26, 2024, for the fiscal year ending December 31, 2023. The filing details compensation paid to its Principal Executive Officers (PEOs), including Messrs. Gamgort and Dokmecioglu. The reported compensation figures are based on "compensation actually paid" as per Item 402(v) of Regulation S-K, adjusted from the Summary Compensation Table for 2023.

Why It Matters

This filing provides transparency into the executive compensation practices of Keurig Dr Pepper Inc., which can influence investor decisions and perceptions of corporate governance.

Risk Assessment

Risk Level: low — This filing is a standard DEF 14A detailing executive compensation and does not present immediate financial risks.

Key Players & Entities

• Keurig Dr Pepper Inc. (company) — Filer
• Messrs. Gamgort (person) — Principal Executive Officer
• Messrs. Dokmecioglu (person) — Principal Executive Officer
• April 26, 2024 (date) — Filing Date
• 2023 (date) — Fiscal Year

FAQ

From the Filing

0001193125-24-118204.txt : 20240426 0001193125-24-118204.hdr.sgml : 20240426 20240426163550 ACCESSION NUMBER: 0001193125-24-118204 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 61 CONFORMED PERIOD OF REPORT: 20240610 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Keurig Dr Pepper Inc. CENTRAL INDEX KEY: 0001418135 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 753258232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-33829 FILM NUMBER: 24884494 BUSINESS ADDRESS: STREET 1: 53 SOUTH AVENUE CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 781-418-7000 MAIL ADDRESS: STREET 1: 53 SOUTH AVENUE CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: Dr Pepper Snapple Group, Inc. DATE OF NAME CHANGE: 20080108 FORMER COMPANY: FORMER CONFORMED NAME: CSAB Inc. DATE OF NAME CHANGE: 20071109 DEF 14A 1 d469486ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001418135 The dollar amounts reported in the Compensation Actually Paid to PEO columns represent the amount of “compensation actually paid” to Messrs. Gamgort and Dokmecioglu, as applicable, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by such PEOs. In accordance with these rules, these amounts reflect the Total compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below for 2023. Refer to our Proxy Statement for the 2023 Annual Meeting information on the calculations applicable for prior years. Equity values are calculated consistent with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The dollar amounts reported represent the amount of Adjusted operating income, in millions. Please refer to Appendix A to this Proxy Statement for a description and reconciliation of this non-GAAP compensation performance measure relative to the reported GAAP financial measure. The dollar amounts reported represent the amount of net income, in millions, reflected in the Company’s audited financial statements for the applicable year. Peer Group Total Shareholder Return represents the weighted peer group TSR, which is weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the Company’s Compensation Peer Group discussed in “Compensation Discussion and Analysis” above: Anheuser-Busch InBev SA/NV, Campbell Soup Company, Chocoladefabriken Lindt & Sprungli AG, The Coca-Cola Company, Danone, Diageo plc, The Hershey Company, Kellanova (f/k/a Kellogg Company), The Kraft Heinz Company, McCormick & Company, Incorporated, Mondelēz International, Inc., Nestle S.A., PepsiCo, Inc., The Procter & Gamble Company, Reckitt Benckiser Group plc and Unilever PLC. Total Shareholder Return (TSR) assumes an initial $100 investment in KDP stock beginning on December 31, 2019. TSR is cumulative, with the value determined at the end of each applicable fiscal year shown, calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2019. The dollar amounts reported in the Average Compensation Actually Paid to Non-PEO NEOs column represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr