Form 4: Kraft Heinz CEO Carlos Abrams-Rivera Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Carlos Abrams-Rivera reports acquisition and disposal of Kraft Heinz common stock and restricted stock units.
Summary
- Carlos Abrams-Rivera, CEO of Kraft Heinz, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 1, 2025, Abrams-Rivera acquired 83,036 restricted stock units scheduled to settle in common stock, 75% on March 1, 2028, and 25% on March 1, 2029.
- He also acquired 30,555 restricted stock units under the Bonus Investment Plan, vesting 50% on March 1, 2027, and 50% on March 1, 2028.
- Additionally, 9,167 shares of common stock were issued under the Bonus Investment Plan at a price of $30.71.
- He acquired 5,171 and 31,024 shares earned under performance share units granted on March 1, 2022, which vested at 50% achievement.
- 53,641 shares were withheld to satisfy tax obligations related to the vesting of performance share units and restricted stock units at $30.71.
- Following these transactions, Abrams-Rivera beneficially owns 734,630 shares of Kraft Heinz common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard executive compensation practices and alignment with the company's performance. The increase in share ownership is a positive signal.
Positives
- The acquisition of restricted stock units and common stock demonstrates the CEO's continued investment and alignment with the company's long-term success.
Negatives
- The withholding of 53,641 shares to cover tax obligations indicates a taxable event, which could be seen as a minor negative from a cash flow perspective for the CEO.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency into the holdings of key executives and their alignment with shareholder interests.
Stakeholder Impact
- The increased ownership stake of the CEO could positively influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for performance share units. |
| 03/01/2025 | Date of the reported transactions. |
| 03/01/2027 | 50% vesting date for Bonus Investment Plan restricted stock units. |
| 03/01/2028 | 50% vesting date for Bonus Investment Plan restricted stock units and 75% settlement date for restricted stock units. |
| 03/01/2029 | 25% settlement date for restricted stock units. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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