Form 4: Kraft Heinz Executive Flavio Torres Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Flavio Torres, EVP & Global Chief Supply Chain 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, 2025, Flavio Torres, EVP & Global Chief Supply Chain Officer of Kraft Heinz Co, reported changes in beneficial ownership of Kraft Heinz common stock.
- Torres acquired 4,717 shares of common stock related to restricted stock units scheduled to settle in common stock 75% on March 1, 2028, and 25% on March 1, 2029.
- He also acquired 2,744 shares through performance share units granted on March 1, 2022, with the performance period completed and achievement certified at 50%.
- An additional 7,756 shares were acquired through performance share units.
- 14,546 shares were withheld to satisfy tax obligations related to the vesting of performance share units and restricted stock units at a price of $30.71.
- Following these transactions, Torres beneficially owns 248,155 shares of Kraft Heinz common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Future Outlook
The restricted stock units are scheduled to settle in common stock 75% on March 1, 2028, and 25% on March 1, 2029.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders due to the change in the number of shares owned by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for performance share units. |
| 03/01/2025 | Date of transaction (acquisition/disposal of shares). |
| 03/01/2028 | 75% of restricted stock units are scheduled to settle. |
| 03/01/2029 | 25% of restricted stock units are scheduled to settle. |
| 03/04/2025 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.