Form 4: Kraft Heinz EVP Melissa Werneck Reports Changes in Beneficial Ownership
SEC Form 4
Melissa Werneck, EVP & Global Chief People Officer of Kraft Heinz Co, reports the disposal of 7,947 common stock shares to satisfy tax obligations, leaving her with 280,295 shares.
Summary
- On June 1, 2024, Melissa Werneck, EVP & Global Chief People Officer of Kraft Heinz Co, disposed of 7,947 shares of common stock to cover tax withholding obligations related to vesting performance share units and restricted stock units.
- The transaction was executed at a price of $35.37 per share.
- Following the transaction, Werneck directly owns 280,295 shares of Kraft Heinz Co common stock, which includes 888 shares acquired through a dividend reinvestment program.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine tax-related stock disposals.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: disposal of shares to satisfy tax obligations. |
| 06/04/2024 | Date of signature for the report. |
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