Form 4: Coca-Cola Consolidated Chairman and CEO, J. Frank Harrison III, Reports Changes in Beneficial Ownership

J. Frank Harrison III, Chairman and CEO of Coca-Cola Consolidated, files a Form 4 detailing changes in his beneficial ownership of company stock due to transfers of limited liability company interests.

Summary

• J. Frank Harrison III, Chairman and CEO of Coca-Cola Consolidated, filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Coca-Cola Consolidated stock.
• These changes are primarily due to transfers of limited liability company interests in JFH3 Holdings LLC to the Anne Lupton Carter Trust and The J. Frank Harrison, III 2021 Family Trust.
• The transfers involved 1,181.2349 Class B Common Stock on April 10, 2024, 2,812.0734 Class B Common Stock on February 27, 2025, and 486.7125 Class B Common Stock on February 27, 2025.
• Harrison disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• He also indirectly holds 535,178 shares through the JFH Family Limited Partnership-FH1 and 78,596 shares through a trust.

Sentiment

Score: 5

Explanation: This is a neutral filing of a routine transaction. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the ownership structure of Coca-Cola Consolidated stock held by its Chairman and CEO.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The transfers themselves are internal and unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates