Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (the "Company") is dated March 12, 2025. The report serves as a notification of transactions involving Persons Discharging Managerial Responsibilities (PDMR) and persons closely associated with them (PCA). The filing details the vesting of Performance Share Units (PSUs) under the Company's 2022 Long-Term Incentive Plan (LTIP) and subsequent share sales executed on March 10 and March 11, 2025, on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing does not contain consolidated financial statements, revenue, profit, cash flow, or debt metrics. The only financial data provided relates to specific share transactions:
- Share Price Range: Transactions occurred at prices ranging from USD $80.91 to USD $82.63.
- Acquisition Cost: All share acquisitions via PSU vesting were recorded at USD $0.
- Total Sale Proceeds: The aggregate value of shares sold by all listed executives to fund taxes and for discretionary purposes totals approximately USD 10.2 million.
Material Changes
This filing does not report material changes to the Company's business operations, financial condition, or results of operations compared to prior periods. It strictly documents routine equity compensation events and associated tax-related share dispositions for the reporting period of March 10–11, 2025.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The transactions described are standard compliance notifications regarding executive compensation vesting and tax withholding obligations.
Important Facts for Investors to Verify
- Executive Participation: Transactions involved 13 senior executives, including the CEO (Damian Gammell), CFO (Edward Walker), and General Counsel (Clare Wardle).
- Transaction Nature: The majority of sales were non-discretionary, executed solely to fund tax liabilities arising from the vesting of PSUs. A smaller portion of sales were discretionary.
- Net Share Impact: While executives acquired shares via vesting, the net effect for most individuals was a reduction in shareholding due to the volume of shares sold to cover taxes and discretionary sales.
- Specific Discretionary Sales: Notable discretionary sales included 23,971 shares by Peter West (General Manager, Australia, Pacific and Indonesia) and 9,912 shares by Stephen Lusk (Chief Commercial Officer).
- Market Price Context: The share price during these transactions hovered around USD $81.30, providing a snapshot of the stock's valuation on March 10–11, 2025.