Keurig Dr Pepper Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect nine director nominees named in the proxy to serve one-year terms until the 2027 annual meeting.

2. 2

   Advisory Resolution to Approve KDP’s Executive Compensation

   ManagementBoard: FOR

   Non-binding advisory vote (‘‘say-on-pay’’) to approve the Company’s named executive officer compensation as disclosed in the proxy statement.

   More detail

   This advisory proposal asks shareholders to approve, on a non-binding basis, the Company’s executive compensation as disclosed in the Compensation Discussion and Analysis and related tables. Management seeks shareholder endorsement to validate its pay practices, which emphasize pay-for-performance (STIP metrics tied to net sales, adjusted operating income and free cash flow) and long-term alignment through RSUs and newly introduced PSUs. The proxy discloses recent program changes — including the addition of PSUs in 2025, lengthy vesting periods, significant required stock ownership, a recently discontinued Elite Investment Program for new hires, and enhanced clawback policies — that management presents as strengthening alignment with stockholders. The request is contextualized by transformational activity (the JDE Peet’s acquisition and planned separation into Beverage Co. and Global Coffee Co.), for which management has approved retention and transformation awards to support continuity and execution. Because the vote is advisory, it is not binding, but the Compensation Committee and Board state they will consider the voting outcome in future pay-design decisions. The Board recommends FOR the proposal, citing that the compensation framework is competitive, links short- and long-term pay to measurable performance, and includes governance safeguards (double-trigger change-in-control protection for equity, clawbacks, and minimum vesting). Key considerations for an analyst include: the potential dilution and cost of incentive programs over time, the interplay between retention/transaction awards and ongoing pay-for-performance incentives, how PSUs will be calibrated and measured across the separation, and whether shareholder feedback in prior years (high support levels) is maintained given the Company’s transformational roadmap.

3. 3

   Ratification of the Appointment of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the Audit Committee’s appointment of Deloitte & Touche LLP as KDP’s independent registered public accounting firm for fiscal year 2026.

4. 4

   Approval of Omnibus Stock Incentive Plan of 2026

   ManagementBoard: FOR

   Approve the Keurig Dr Pepper Inc. Omnibus Stock Incentive Plan of 2026, which would (if approved) replace the Prior Plan and authorize 44,000,000 new shares (subject to customary adjustments) for future equity awards.

   More detail

   The proposal asks shareholders to approve a new omnibus equity plan that would replace the 2019 plan and authorize 44,000,000 new shares (plus certain recycled shares) for future awards. Management seeks approval to refresh the Company’s long-term incentive vehicle to support recruitment, retention and long‑term alignment as KDP executes an acquisition (JDE Peet’s) and prepares to separate into two public companies; the board emphasizes that the plan incorporates governance features to mitigate dilution and agency risk. The plan’s key terms include a fixed share reserve (44 million), the ability to grant options, SARs, RSUs and PSUs, minimum vesting (one year for the vast majority of awards), limits on re-pricing without shareholder approval, clawback/recoupment conformity with the Company’s policies, a limit on non-employee director compensation, and double-trigger protections for change-in-control vesting where applicable. The filing quantifies potential dilution and burn metrics (historical burn rate ~0.35% and overhang increasing from ~1.66% to ~4.48% if approved), which are material considerations for valuation-sensitive investors. The Board recommends FOR the plan citing the need to provide a modern, flexible incentive framework with built-in governance safeguards (no single-trigger vesting, no repricing without approval, minimum vesting, and clawbacks). From an analyst perspective, important issues include the pace of future grants relative to historical burn, how awards will be used to manage integration and separation risks (e.g., retention awards), the projected dilution impact over a multi-year horizon, and the Compensation Committee’s discretion to set performance measures and award sizes; these elements will determine whether the plan meaningfully aligns management incentives with long-term shareholder value.

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When is the Keurig Dr Pepper Inc 2026 annual meeting?

Keurig Dr Pepper Inc (KDP) holds its 2026 annual shareholder meeting on Tuesday, June 16, 2026.

What is the record date for the Keurig Dr Pepper Inc 2026 meeting?

The record date for the Keurig Dr Pepper Inc 2026 meeting is Monday, April 20, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Keurig Dr Pepper Inc's 2026 meeting?

The board is presenting 9 director nominees at the Keurig Dr Pepper Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Keurig Dr Pepper Inc 2026 meeting?

Shareholders will vote on 4 proposals at the Keurig Dr Pepper Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.