Kraft Heinz (KHC) director granted shares with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kraft Heinz Co director Miguel Patricio reported equity compensation and related tax withholding in common stock. He acquired 56,029 shares at a stated price of $0.00 through the vesting of performance share units granted on March 1, 2023, after achievement was certified at 61.47% and settled in stock.
To cover tax obligations tied to the vesting of performance share units and restricted stock units, 59,528 shares were disposed of at $24.61 per share via share withholding, not an open-market sale. After these transactions, he directly owned 166,489 shares, plus indirect holdings through trusts totaling 561,817 and 558,488 shares, including 2,551 shares from a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Patricio Miguel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 56,029 | $0.00 | -- |
| Tax Withholding | Common Stock | 59,528 | $24.61 | $1.46M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 226,017 shares (Direct);
Common Stock — 561,817 shares (Indirect, By trust)
Footnotes (1)
- Represents number of shares earned under performance share units granted on March 1, 2023, for which the performance period has been completed and achievement certified at 61.47%, and which vest and settle in stock, subject to the terms and conditions of the applicable award agreement. Includes an additional 2,551 shares acquired through a dividend reinvestment program. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units. Shares held by revocable trust, of which Mr. Patricio and his spouse are co-trustees and Mr. Patricio, his spouse, and his children are beneficiaries.
FAQ
What insider transactions did Kraft Heinz (KHC) director Miguel Patricio report?
He reported a stock award and related tax withholding. He received 56,029 Kraft Heinz common shares from vested performance share units and had 59,528 shares withheld at $24.61 per share to satisfy tax obligations tied to equity awards.
What does the tax withholding transaction mean in Miguel Patricio’s Kraft Heinz (KHC) Form 4?
The filing reports a tax-withholding disposition of 59,528 shares at $24.61. These shares were withheld by Kraft Heinz to satisfy tax liabilities triggered by the vesting of performance share units and restricted stock units, rather than being sold on the open market.