Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.

On August 23, 2022, The Coca-Cola Company (the "Company") announced that Alfredo Rivera, President, North America Operating Unit, will be departing the Company. On December 31, 2022, Mr. Rivera will step down from his position as President, North America Operating Unit, and he will continue with the Company as a senior advisor until March 31, 2023.

On August 20, 2022, the Company and Mr. Rivera entered into a Separation Agreement detailing the terms of his departure. The Separation Agreement provides that Mr. Rivera will receive severance benefits under the terms of The Coca-Cola Company Severance Pay Plan. With respect to annual incentives, if Mr. Rivera remains employed through December 31, 2022, he will be eligible for an annual incentive award for 2022, and if he remains employed through March 31, 2023, he will be eligible for an annual incentive award for 2023, prorated for three months. With respect to long-term incentives, Mr. Rivera will not receive any additional equity grants and all of Mr. Rivera's outstanding performance share unit awards and stock option awards will be treated according to the existing terms of the equity plans and related agreements. Mr. Rivera's retirement benefits will consist of those benefits accrued and vested under the standard terms and conditions of the plans in which he participates, including health and welfare coverage. The foregoing description is qualified in its entirety by the Separation Agreement for Mr. Rivera, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

A copy of the Company's press release announcing the departure of Mr. Rivera is furnished to this report as Exhibit 99.1.

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