SEC Filing Summary: Coca-Cola European Partners Plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K filing, dated March 30, 2020, serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them. The filing covers share transactions executed on March 27, 2020, on the New York Stock Exchange (XNYS). The document does not contain financial performance data, operational updates, or strategic commentary for the company.
Key Financial Metrics
The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial data present relates to specific share transactions:
- Transaction Price: Shares were sold at USD $34.073326 per share.
- Acquisition Price: Shares acquired via vesting were recorded at USD $0 per share.
- Total Shares Acquired (Vesting): 252,772 Ordinary Shares across all executives.
- Total Shares Sold (Tax Funding): 112,651 Ordinary Shares across all executives.
Material Changes
No material changes to the company's financial position or operations are reported in this filing. The document solely details routine equity compensation events (vesting of Performance Share Units) and subsequent non-discretionary sales to cover tax liabilities.
Guidance, Outlook, and Risks
The filing contains no management guidance, future outlook, risk factors, or discussion of contingencies. It is a regulatory disclosure of insider trading activity compliant with Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Transaction Nature: All sales were non-discretionary, executed strictly to fund tax liabilities arising from the vesting of Performance Share Units (PSUs) under the 2016 Long-Term Incentive Plan (LTIP).
- Executives Involved: Transactions were reported for the CEO (Damian Gammell), CFO (Manik Jhangiani), General Counsel (Clare Wardle), CIO (Peter Brickley), Chief Public Affairs Officer (Lauren Sayeski), Chief People Officer (Nicholas Wall), and General Managers for Great Britain, Germany, France, and Northern Europe.
- Net Position: All listed executives retained a net positive number of shares following the vesting and tax-related sales.
- Market Context: The share price of ~$34.07 reflects the market value on March 27, 2020, during the early stages of the global pandemic market volatility.