Kraft Heinz (KHC) executive sells shares and receives major stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kraft Heinz executive Cory Onell, Chief Omnich Sales & AEM Officer, reported multiple transactions in company common stock. He sold 9,045 shares at $24.61 and 4,991 shares at $24.34 in open-market trades effected under a Rule 10b5-1 trading plan. Onell also received stock awards totaling 52,869 shares, including restricted stock units and performance share units, and 19,696 shares were withheld to cover tax obligations. Following these transactions, he directly owned 197,463 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,036 shares ($344,078)
Net Sell
5 txns
Insider
Onell Cory
Role
Chief Omnich Sales & AEM Ofcr
Sold
14,036 shs ($344K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,991 | $24.34 | $121K |
| Sale | Common Stock | 9,045 | $24.61 | $223K |
| Grant/Award | Common Stock | 32,000 | $0.00 | -- |
| Grant/Award | Common Stock | 20,869 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,696 | $24.61 | $485K |
Holdings After Transaction:
Common Stock — 197,463 shares (Direct)
Footnotes (1)
- Subject to the terms and conditions of the applicable award agreement, these restricted stocks units are scheduled to settle in common stock 75% on March 1, 2029 and 25% on March 1, 2030. Includes an additional 3,657 shares acquired through a dividend reinvestment program. 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. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units. Effected pursuant to a pre-arranged trading plan established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
FAQ
What insider transactions did Kraft Heinz (KHC) executive Cory Onell report?
Cory Onell reported open-market sales and stock awards in Kraft Heinz common stock. He sold 9,045 shares at $24.61 and 4,991 shares at $24.34, received 52,869 shares through awards, and had 19,696 shares withheld to satisfy tax obligations.
What stock awards did Cory Onell of Kraft Heinz (KHC) receive?
Cory Onell received 32,000 and 20,869 Kraft Heinz common shares as grant or award acquisitions at a price of $0.00 per share. These include restricted stock units and performance share units that vest and settle in stock under their respective award agreements.
Were Cory Onell’s Kraft Heinz (KHC) stock sales under a Rule 10b5-1 plan?
Yes. The Form 4 notes that the stock sales were effected under a pre-arranged trading plan. This plan was established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, providing a structured framework for the transactions.