Yep, I've updated dependencies with an RCE that can't be exploited in my codebase just to keep my security team happy. Not worth the multiple arguments about it not actually being an issue.

You can never guarantee that the codepath of a dependency that is vulnerable can not be reached or used as a gadget in an exploit chain. Patching dependencies, even when no direct vulnerability arises is an essential part of defense in depth and sevurity hygene.

You can also never guarantee the patched software doesn't include a worse vulnerability, I would submit that patching software without proper time to validate changes is also a security issue.

If you aren't careful, that is how you get this security theater.