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 October 13, 2017. The report serves as a notification under Article 10.1 of the Market Abuse Regulation (MAR) regarding transactions by a Person Discharging Managerial Responsibilities (PDMR). The filing details the vesting of equity awards and subsequent tax-related sales by the Company's Chief Executive Officer, Damian Gammell.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is strictly a regulatory disclosure of insider trading activity.
| Metric | Value |
|---|---|
| Shares Acquired (Vesting) | 19,500 Ordinary Shares |
| Acquisition Price | USD $0.00 per share |
| Shares Sold (Tax Funding) | 9,330 Ordinary Shares |
| Average Sale Price | USD $41.691 per share |
| Transaction Date (Vesting) | October 12, 2017 |
| Transaction Date (Sale) | October 13, 2017 |
Material Changes
The filing does not report material changes to the Company's financial position or operations. The only material event disclosed is the change in share ownership for the CEO resulting from the vesting of 19,500 Restricted Stock Units (RSUs) granted under the 2010 Incentive Award Plan and the immediate sale of 9,330 shares to cover tax liabilities.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The transaction was executed on a non-discretionary basis solely to fund tax obligations associated with the RSU vesting.
Key Facts for Investor Verification
- Executive Action: CEO Damian Gammell acquired 19,500 shares at no cost via RSU vesting on October 12, 2017.
- Tax Sale: On October 13, 2017, 9,330 shares were sold on the New York Stock Exchange at an average price of approximately $41.69 to satisfy tax liabilities.
- Net Position Change: The CEO's net shareholding increased by 10,170 shares (19,500 acquired minus 9,330 sold) as a result of these specific transactions.
- Regulatory Basis: The disclosure is mandatory under the EU Market Abuse Regulation (MAR) and does not reflect a voluntary strategic sale by the executive.