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 acquisition and disposal of common stock due to vesting of restricted stock units and performance share units, as well as tax withholding obligations.
Summary
- On March 1, 2024, Melissa Werneck, EVP & Global Chief People Officer of Kraft Heinz, reported changes in beneficial ownership of Kraft Heinz common stock.
- She acquired 15,671 shares of common stock related to restricted stock units scheduled to settle in stock 75% on March 1, 2027, and 25% on March 1, 2028.
- An additional 5,716 shares were acquired related to performance share units granted on March 1, 2021, which vested and settled on March 1, 2024.
- She also acquired 24,266 shares related to performance share units granted on March 1, 2021, vesting 75% on March 1, 2024, and 25% on March 1, 2025.
- 28,583 shares were disposed of to satisfy tax withholding obligations at a price of $35.13 per share.
- Following these transactions, Werneck beneficially owns 287,354 shares of Kraft Heinz common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard compensation practices. The acquisition of shares through vesting suggests confidence in the company.
Positives
- Acquisition of shares indicates confidence in the company's future performance.
Negatives
- Disposal of shares to cover tax obligations could be seen as a minor negative, but is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Date of grant for performance share units. |
| 03/01/2024 | Date of transaction and vesting of performance share units. |
| 03/01/2027 | Scheduled vesting date for 75% of restricted stock units. |
| 03/01/2028 | Scheduled vesting date for 25% of restricted stock units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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