2 unchanged sentences
As of December 31, 2025, there wer e 7,159 stock holders of record of our common stock.
−Removed: KDP's Board has declared a regular quarterly cash dividend and expects to continue to pay such dividends on a quarterly basis.
+Added: Our Board has declared a regular quarterly cash dividend and expects to continue to pay such dividends on a quarterly basis.
COMPARISON OF TOTAL STOCKHOLDER RETURN
3 unchanged sentences
ISSUER REPURCHASES OF EQUITY SECURITIES
−Removed: On October 1, 2021, our Board authorized a share repurchase program of up to $4 billion of our outstanding common stock, potentially enabling us to return value to shareholders.
−Removed: The $4 billion authorization is effective for four years, beginning on January 1, 2022 and expiring on December 31, 2025, and does not require the purchase of any minimum number of shares.
−Removed: As of December 31, 2024, $1,810 million remained available for repurchase under the authorized share repurchase program.
+Added: On October 1, 2021, our Board authorized a share repurchase program of up to $4 billion of our outstanding common stock, enabling us to return value to shareholders.
+Added: The $4 billion authorization was effective for four years, from January 1, 2022 through December 31, 2025.
We did not repurchase any shares during the fourth quarter of 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.