Form 4: Kraft Heinz Executive Cory Onell Reports Changes in Beneficial Ownership
SEC Form 4
Chief Omnichannel Sales & AEM Officer of Kraft Heinz, Cory Onell, reports acquisition and disposal of common stock, impacting his beneficial ownership.
Summary
- On March 1, 2025, Cory Onell, Chief Omnichannel Sales & AEM Officer of Kraft Heinz, acquired 20,272 restricted stock units scheduled to settle in common stock.
- He also acquired 5,183 restricted stock units under the Issuer's Bonus Investment Plan, vesting in two tranches on March 1, 2027, and March 1, 2028.
- Additionally, 1,556 shares were acquired through the Bonus Investment Plan at $30.71 per share.
- Onell acquired 1,784 shares earned under performance share units granted on March 1, 2022.
- He also acquired 11,634 shares earned under performance share units granted on March 1, 2022.
- 22,753 shares were withheld to cover tax obligations related to vesting of performance share units and restricted stock units at $30.71.
- On March 3, 2025, Onell sold 10,387 shares at a weighted average price of $30.6829 under a pre-arranged trading plan.
- On March 4, 2025, he sold 3,085 shares at $31.6 per share under the same trading plan.
- Following these transactions, Onell's direct ownership stands at 150,711 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Performance share units granted. |
| 03/01/2025 | Date of multiple transactions including acquisition of restricted stock units and common stock. |
| 03/03/2025 | Sale of 10,387 shares of common stock. |
| 03/04/2025 | Sale of 3,085 shares of common stock. |
| 03/01/2027 | 50% of restricted stock units from Bonus Investment Plan vest. |
| 03/01/2028 | 50% of restricted stock units from Bonus Investment Plan vest and 75% of restricted stock units settle in common stock. |
| 03/01/2029 | 25% of restricted stock units settle in common stock. |
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