'Coca-Cola' Chairman and EVP Sell Hundreds of Billions in Shares After Exercising Stock Options

In early June, The Coca-Cola Company (KO) saw Chairman of the Board James Quincey and Vice President Jennifer K. Mann exercise a large number of long-term stock options and, under pre-established Rule 10b5-1 trading plans, sell substantial volumes of common shares. Chairman Quincey disposed of roughly $35.6 million worth of shares over June 4–5—equivalent to about ₩50 billion—at the time he exercised his options. Vice President Mann likewise sold shares estimated at over ₩10 billion on June 9 and 10. Despite these sales, their disclosed direct and indirect holdings still stand at several hundred billion Korean won.

Meanwhile, in its first-quarter 2026 results announced at the end of April, Coca-Cola reported an 18% year-over-year increase in earnings per share and updated its full-year guidance, reaffirming stable growth amid a global slowdown in beverage demand. Effective March 31, Enhiki Brown assumed the role of Chief Executive Officer, while James Quincey continues as Chairman of the Board, officially completing the CEO succession process. ()

Founded in Atlanta in 1892, Coca-Cola is a global carbonated and non-carbonated beverage company and one of the world’s largest drink producers, marketing a diverse portfolio of brands in over 200 countries. Quincey, who joined Coca-Cola in 1996, is a long-tenured executive who has served as Chief Operating Officer, Chief Executive Officer, and now Chairman of the Board. Brown, also promoted from within after joining in the mid-1990s and serving across regional businesses and operations, has risen to the CEO position. ()