Mondelez (MDLZ) CEO granted shares, deferred units and 488,220 options
Rhea-AI Filing Summary
Mondelez International Chief Executive Officer and director Dirk Van de Put reported multiple equity awards and related tax withholding transactions. He acquired 158,019 shares of Class A common stock upon vesting of performance share units and separately received 81,340 deferred stock units, both at a price of $0 under company incentive plans.
To cover tax obligations tied to the vesting, 61,726 shares of Class A common stock were disposed of through a tax-withholding transaction at $61.47 per share. Following these non-derivative transactions, he directly owned 1,326,488 shares of Class A common stock.
He was also granted 488,220 stock options with a $61.47 exercise price, each for Class A common stock, vesting in three annual installments of 33% on February 11, 2027, 33% on February 11, 2028, and 34% on February 11, 2029. He directly held 488,220 derivative securities after this option grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 488,220 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 158,019 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 61,726 | $61.47 | $3.79M |
| Grant/Award | Class A Common Stock | 81,340 | $0.00 | -- |
Footnotes (1)
- Shares of common stock received upon vesting of performance share units granted under the Issuer's Amended and Restated 2005 Performance Incentive Plan. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units under the Issuer's Amended and Restated 2005 Performance Incentive Plan. Deferred stock units granted under the Issuer's 2024 Performance Incentive Plan. Deferred stock units vest in three annual installments as follows: 33% on February 11, 2027; 33% on February 11, 2028, and 34% on February 11, 2029. Options vest in three annual installments as follows: 33% on February 11, 2027; 33% on February 11, 2028, and 34% on February 11, 2029.