Form 4: Mondelez CEO Dirk Van de Put Reports Stock Transactions
SEC Form 4 Filing
Dirk Van de Put, CEO of Mondelez International, reports the acquisition and disposal of Class A Common Stock and stock options.
Summary
- On February 27, 2024, Dirk Van de Put, CEO of Mondelez International, acquired 307,340 shares of Class A Common Stock upon vesting of performance share units.
- On the same day, he disposed of 121,723 shares of Class A Common Stock at a price of $73.13.
- Following these transactions, Van de Put directly owns 1,041,318 shares of Class A Common Stock.
- He also holds options to buy 287,160 shares of Class A Common Stock at an exercise price of $73.13, vesting in three annual installments starting February 27, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It reflects routine executive compensation practices.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and alignment with shareholder interests.
Comparison to Industry Standards
- Executive compensation and stock ownership are common practices in publicly traded companies like Mondelez.
- Companies such as Nestle, PepsiCo, and Unilever also have similar executive compensation structures that include stock options and performance-based equity awards.
- The vesting schedules and terms of the stock options are typical for executive compensation packages in the industry.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
- The vesting of performance share units aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock acquisition and disposal, and grant date of stock options. |
| 02/27/2025 | First vesting date (33%) for stock options. |
| 02/27/2026 | Second vesting date (33%) for stock options. |
| 02/27/2027 | Third vesting date (34%) for stock options. |
| 02/27/2034 | Expiration date for stock options. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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