Form 4: Kraft Heinz Director Miguel Patricio Reports Changes in Beneficial Ownership

Director Miguel Patricio reported gifting shares of Kraft Heinz stock held in a revocable trust to both himself and a grantor retained annuity trust on May 16th and 17th, 2024.

Summary

• On May 16, 2024, Miguel Patricio, a director of Kraft Heinz Co, reported a transaction involving common stock.
• He gifted 305,791 shares of common stock, resulting in a direct holding of 214,755 shares.
• Additionally, on the same day, he gifted 305,791 shares into a trust, increasing his indirect holdings to 1,297,840 shares.
• On May 17, 2024, Mr. Patricio gifted 558,488 shares from a revocable trust to a grantor retained annuity trust.
• This resulted in an indirect holding of 739,352 shares through the revocable trust and 558,488 shares through the grantor retained annuity trust.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a change in beneficial ownership due to gifting of shares. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The gifting of shares by a director may be of interest to shareholders, as it provides insight into the director's personal financial decisions regarding the company's stock.

Key Dates