Form 4: Kraft Heinz Deputy Global Controller Reports Changes in Beneficial Ownership

Chris Asher, Deputy Global Controller (PAO) of Kraft Heinz Co, reports changes in beneficial ownership of common stock due to tax withholding and dividend reinvestment.

Summary

• On June 1, 2024, Chris Asher, Deputy Global Controller (PAO) of Kraft Heinz Co, reported changes in beneficial ownership.
• 1,336 shares of common stock were withheld to satisfy tax obligations related to the vesting of performance share units and restricted stock units at a price of $35.37.
• Asher also acquired an additional 264 shares through a dividend reinvestment program.
• Following these transactions, Asher directly owns 51,954 shares of common stock and indirectly owns 2,525 shares through an IRA.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 264 shares through a dividend reinvestment program indicates a continued investment in the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is common for executives to have shares withheld to cover tax obligations when equity awards vest.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates