Mondelez (NASDAQ: MDLZ) director Todman receives 3,525 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Mondelez International director Michael Todman received an equity award rather than buying shares on the market. He was granted 3,525 deferred stock units of Class A common stock under the company’s 2024 Performance Incentive Plan at no cash cost per share.
The units are fully vested, but Mondelez will not deliver the underlying shares until six months after Todman leaves the board. Following this award, he beneficially owns 23,406 shares, including about 1,864 shares accumulated through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TODMAN MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,525 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 23,406 shares (Direct, null)
Footnotes (1)
- Grant of deferred stock units under the Issuer's 2024 Performance Incentive Plan. The deferred stock units are 100% vested, but receipt of the shares is deferred until the six-month anniversary of the reporting person's separation from service as a director of Mondelez International. Total number of shares owned includes approximately 1,864 shares acquired through a dividend reinvestment program.
Key Figures
Deferred stock units granted: 3,525 units
Grant price per unit: $0.00 per share
Shares owned after transaction: 23,406 shares
+3 more
6 metrics
Deferred stock units granted
3,525 units
Grant under 2024 Performance Incentive Plan on May 20, 2026
Grant price per unit
$0.00 per share
Reported transaction price for the equity award
Shares owned after transaction
23,406 shares
Total Mondelez Class A common stock beneficially owned after grant
Dividend reinvestment shares
1,864 shares
Approximate shares acquired through dividend reinvestment program
Vesting status
100% vested
Deferred stock units under 2024 Performance Incentive Plan
Share delivery timing
6 months post-separation
Shares delivered six-month anniversary after leaving board
Key Terms
deferred stock units, 2024 Performance Incentive Plan, 100% vested, dividend reinvestment program
4 terms
deferred stock units financial
"Grant of deferred stock units under the Issuer's 2024 Performance Incentive Plan."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2024 Performance Incentive Plan financial
"Grant of deferred stock units under the Issuer's 2024 Performance Incentive Plan."
100% vested financial
"The deferred stock units are 100% vested, but receipt of the shares is deferred"
dividend reinvestment program financial
"includes approximately 1,864 shares acquired through a dividend reinvestment program."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
FAQ
What did Mondelez (MDLZ) director Michael Todman report on this Form 4?
Michael Todman reported receiving 3,525 deferred stock units of Mondelez Class A common stock. The grant was made under the 2024 Performance Incentive Plan and represents compensation, not an open-market share purchase, with delivery of shares deferred until after board service ends.
Is Michael Todman’s Mondelez (MDLZ) transaction a market buy or a compensation grant?
The transaction is a compensation grant, not a market purchase. Todman received 3,525 deferred stock units at a reported price of $0.00 per share under the 2024 Performance Incentive Plan, reflecting equity-based director compensation instead of an open-market stock acquisition.
What plan governed Michael Todman’s deferred stock unit award from Mondelez (MDLZ)?
The award was granted under Mondelez International’s 2024 Performance Incentive Plan. This plan provides for equity-based compensation, and Todman’s 3,525 deferred stock units are fully vested but settled in shares six months after his separation from the board.