Form 4: Kraft Heinz Director James Park Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Director James Park reports acquiring 5,039 shares of Kraft Heinz common stock and disposing of shares held in trust.
Summary
- On May 2, 2024, James Park, a director of Kraft Heinz Co, acquired 5,039 shares of common stock at a price of $36.72 per share.
- These shares were granted as deferred shares, with receipt deferred until six months after Mr. Park's separation from service as a director.
- Mr. Park also disposed of shares held in trust.
- Following these transactions, Mr. Park directly owns 11,399 shares of Kraft Heinz common stock, which includes 276 shares acquired through a dividend reinvestment program.
- Additionally, Mr. Park indirectly owns 596 shares through a trust where he serves as trustee and beneficiary.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard reporting of stock transactions by a company director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Acquisition of 5,039 shares of common stock and disposal of shares held in trust. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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