Form 4: Kraft Heinz Director Patricio Miguel Reports Stock Transaction
SEC Form 4 Filing
Director Patricio Miguel reports disposition of Kraft Heinz shares to cover tax obligations and discloses beneficial ownership.
Summary
- On March 1, 2024, Director Patricio Miguel reported a transaction involving Kraft Heinz Co. common stock.
- 53,161 shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock units at a price of $35.13 per share.
- Following the transaction, Patricio Miguel directly owns 510,409 shares of common stock.
- Patricio Miguel also indirectly owns 992,049 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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