Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners Plc (now Coca-Cola Europacific Partners Plc) was submitted on November 16, 2018. The document serves as a notification of transactions involving Persons Discharging Managerial Responsibilities (PDMR) or persons closely associated with them, specifically detailing stock option exercises and subsequent sales.
Key Financial Metrics
The filing does not contain corporate financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It exclusively reports on specific equity transactions executed by the Chief Financial Officer, Manik Jhangiani, on the New York Stock Exchange (XNYS).
| Date | Transaction Type | Volume (Shares) | Aggregated Price (USD) |
|---|---|---|---|
| Nov 13, 2018 | Acquisition (Option Exercise) | 27,501 | $23.7041 |
| Nov 13, 2018 | Sale | 27,501 | $48.0011 |
| Nov 14, 2018 | Acquisition (Option Exercise) | 226,547 | $33.3226 |
| Nov 14, 2018 | Sale | 226,547 | $48.2997 |
| Nov 15, 2018 | Acquisition (Option Exercise) | 39,400 | $39.0000 |
| Nov 15, 2018 | Sale | 39,400 | $48.4805 |
Material Changes
The filing does not report material changes to the company's business operations, financial condition, or results of operations compared to prior periods. The document strictly details the mechanical execution of stock option plans.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies. The sales of shares were executed partially on a non-discretionary basis to fund the exercise price and tax liabilities associated with the option exercises.
Important Facts for Investors
- Executive Activity: The transactions involve Manik Jhangiani, the Chief Financial Officer.
- Net Share Impact: The CFO exercised options to acquire shares and immediately sold an equivalent number of shares on the same dates, resulting in no net increase in the executive's shareholding from these specific transactions.
- Transaction Mechanism: All transactions were conducted under the Coca-Cola Enterprises, Inc. 2010 Incentive Award Plan.
- Market Prices: The sales prices (approx. $48.00 - $48.50) were significantly higher than the exercise prices (approx. $23.21 - $39.00), indicating the options were in-the-money at the time of exercise.
- Data Limitation: This filing provides no data on the company's overall financial health, revenue, or debt levels.