Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Keurig Dr Pepper Inc.KDP · Entity 3055 | Chief Corp. Affairs Officer | September 16, 2024 | September 18, 2024 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
Keurig Dr Pepper Inc.
Report date September 16, 2024 · Filed September 18, 2024
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 73,522 |
Ending reported balance
After 2024-09-16 transaction · row 4
4 source rows · reconciled sequenceRow 1 · 2024-09-16 · Exercise / conversion · Acquired 1,500 · Balance 71,481 F1: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis. Row 2 · 2024-09-16 · Tax withholding · Disposed 591 · Balance 70,890 F2: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Row 3 · 2024-09-16 · Exercise / conversion · Acquired 4,340 · Balance 75,230 F1: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis. Row 4 · 2024-09-16 · Tax withholding · Disposed 1,708 · Balance 73,522 F2: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. |
| Restricted Stock UnitSEC Table II · derivative / convertible security | Direct | 999 |
Reported balance
After 2024-09-16 transaction · row 5
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 5 · 2024-09-16 · Exercise / conversion · Disposed 1,500 · Balance 999 F3: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. |
| Restricted Stock UnitSEC Table II · derivative / convertible security | Direct | 4,340 |
Reported balance
After 2024-09-16 transaction · row 6
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 6 · 2024-09-16 · Exercise / conversion · Disposed 4,340 · Balance 4,340 F4: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. |
Filing footnotes · ownership attribution and instrument terms
F1: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis.
F2: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F3: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionRestricted Stock Unit · Derivative | 4,340 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · derivative · entry 6 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,340 Underlying: Common Stock · 4,340 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F4 · derivative.exercise_date: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F4 · derivative.expiration_date: As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. Read SEC document |
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionRestricted Stock Unit · Derivative | 1,500 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · derivative · entry 5 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 999 Underlying: Common Stock · 1,500 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · derivative.exercise_price: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. F3 · derivative.exercise_date: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. F3 · derivative.expiration_date: As previously disclosed, these RSUs were granted on September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. Read SEC document |
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Tax withholdingCommon Stock | 1,708 | $37.35 | $63,793.80 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · nonDerivative · entry 4 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 73,522 F2 · shares: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Read SEC document |
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionCommon Stock | 4,340 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · nonDerivative · entry 3 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 75,230 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis. Read SEC document |
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Tax withholdingCommon Stock | 591 | $37.35 | $22,073.85 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · nonDerivative · entry 2 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 70,890 F2 · shares: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Read SEC document |
| September 16, 2024 Filed Sep 18, 2024 18:07 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionCommon Stock | 1,500 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000082 · wk-form4_1726697247.xml · nonDerivative · entry 1 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 71,481 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis. Read SEC document |
| March 12, 2024 Filed Mar 14, 2024 17:37 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionRestricted Stock Unit · Derivative | 2,175 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000046 · wk-form4_1710452221.xml · derivative · entry 3 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 2,175 Underlying: Common Stock · 2,175 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · derivative.exercise_price: As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Twenty percent of the RSUs vested on March 12, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F3 · derivative.exercise_date: As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Twenty percent of the RSUs vested on March 12, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F3 · derivative.expiration_date: As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Twenty percent of the RSUs vested on March 12, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. Read SEC document |
| March 12, 2024 Filed Mar 14, 2024 17:37 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Tax withholdingCommon Stock | 639 | $29.19 | $18,652.41 |
DisclosureSEC source: 0001418135-24-000046 · wk-form4_1710452221.xml · nonDerivative · entry 2 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 69,981 F2 · shares: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Read SEC document |
| March 12, 2024 Filed Mar 14, 2024 17:37 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionCommon Stock | 2,175 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000046 · wk-form4_1710452221.xml · nonDerivative · entry 1 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 70,620 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | GrantRestricted Stock Unit · Derivative | 24,055 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · derivative · entry 6 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 24,055 Underlying: Common Stock · 24,055 shares Expires not disclosed F5 · derivative.exercise_price: Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. F5 · derivative.exercise_date: Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. F5 · derivative.expiration_date: Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionRestricted Stock Unit · Derivative | 11,517 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · derivative · entry 5 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 11,517 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: As previously disclosed, these RSUs were granted on March 4, 2019 and vested in full on March 4, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F4 · derivative.exercise_date: As previously disclosed, these RSUs were granted on March 4, 2019 and vested in full on March 4, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F4 · derivative.expiration_date: As previously disclosed, these RSUs were granted on March 4, 2019 and vested in full on March 4, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionRestricted Stock Unit · Derivative | 4,899 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · derivative · entry 4 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,266 Underlying: Common Stock · 4,899 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · derivative.exercise_price: As previously disclosed, these RSUs were granted on March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Sixty percent of the RSUs vested on March 4, 2024, the first trading day following March 3, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F3 · derivative.exercise_date: As previously disclosed, these RSUs were granted on March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Sixty percent of the RSUs vested on March 4, 2024, the first trading day following March 3, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. F3 · derivative.expiration_date: As previously disclosed, these RSUs were granted on March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Sixty percent of the RSUs vested on March 4, 2024, the first trading day following March 3, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Tax withholdingCommon Stock | 4,819 | $29.10 | $140,232.90 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · nonDerivative · entry 3 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 68,445 F2 · shares: Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionCommon Stock | 11,517 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · nonDerivative · entry 2 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 73,264 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 19:08 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | Exercise / conversionCommon Stock | 4,899 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-24-000015 · wk-form4_1709683707.xml · nonDerivative · entry 1 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 61,747 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Read SEC document |
| December 12, 2023 Filed Dec 14, 2023 17:00 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | PurchaseCommon Stock | 6,000 | $32.72 | $196,320.00 |
DisclosureSEC source: 0001418135-23-000039 · wk-form4_1702591237.xml · nonDerivative · entry 1 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 56,848 F1 · price: The price represents the weighted average purchase price of the shares that were purchased in multiple transactions at prices ranging from $32.63 to $32.79. The reporting person undertakes to provide to the Company, any security holder of the Company or the SEC, upon request, full information regarding the number of shares purchased at each separate price. Read SEC document |
| November 20, 2023 Filed Nov 22, 2023 16:33 UTC | Keurig Dr Pepper Inc. KDP · Entity 3055 | GrantRestricted Stock Unit · Derivative | 62,933 | $0.00 | $0.00 |
DisclosureSEC source: 0001418135-23-000031 · wk-form4_1700688822.xml · derivative · entry 1 Oxender Monique · CIK 0002000391 · Chief Corp. Affairs Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 62,933 Underlying: Common Stock · 62,933 shares Expires not disclosed F1 · derivative.exercise_price: Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest on November 20, 2028 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. F1 · derivative.exercise_date: Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest on November 20, 2028 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. F1 · derivative.expiration_date: Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest on November 20, 2028 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.