Coca-Cola Exec Sells $4.5 Million Worth of Stock Amid Tax Obligations

Nancy Quan, Executive Vice President of Coca-Cola Company (NYSE:KO), sold 50,000 shares of the company's stock on August 19th. The sale occurred at an average price of $90.39 per share, resulting in a total transaction value of $4,519,500.00.

This sale represents an 18.29% decrease in Quan's ownership stake in the company, leaving her with 223,330 shares valued at approximately $20,186,798.70.

The transaction was disclosed to the Securities & Exchange Commission and is attributed to covering tax withholding obligations related to the vesting of equity awards.