Form 4: Mondelez Director Michael Todman Receives Deferred Stock Units

Director Michael Todman received 2,849 deferred stock units from Mondelez International under the 2024 Performance Incentive Plan.

Summary

• On May 22, 2024, Michael Todman, a director of Mondelez International, Inc., was granted 2,849 deferred stock units under the company's 2024 Performance Incentive Plan.
• These deferred stock units are fully vested, but the shares will be received six months after Todman's separation from service as a director.
• Following the reported transaction, Todman beneficially owns 15,777 shares of Class A Common Stock, which includes 769 shares acquired through a dividend reinvestment program.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• The dividend reinvestment program allows for increased ownership over time.

Future Outlook

The receipt of shares from the deferred stock units is contingent on the director's continued service and will occur six months after separation from the board.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of deferred stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates