Form 4: Mondelez Director Michael Todman Receives Deferred Stock Units

Director Michael Todman received deferred stock units under Mondelez International's 2024 Performance Incentive Plan.

Summary

• Michael Todman, a director of Mondelez International, received 3,009 Class A Common Stock units on May 21, 2025, as part of the company's 2024 Performance Incentive Plan.
• These are deferred stock units, 100% vested, with share receipt deferred until six months after Todman's separation from service as a director.
• Following the transaction, Todman beneficially owns 19,242 shares of Class A Common Stock, which includes 1,225 shares acquired through a dividend reinvestment program.
• A Power of Attorney was executed on April 23, 2025, granting Jamie L. East and Laura Stein the authority to file SEC forms on Todman's behalf.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of deferred stock units aligns Todman's interests with the long-term performance of Mondelez International.
• Todman's continued stock ownership, including through dividend reinvestment, demonstrates confidence in the company.

Future Outlook

The reporting person will receive shares related to the deferred stock units six months after separation from service as a director.

Industry Context

Stock grants and deferred compensation are common practices for aligning the interests of directors and executives with company performance in the consumer goods industry.

Comparison to Industry Standards

• Companies like Nestle, PepsiCo, and Unilever also utilize stock-based compensation for their directors.
• The vesting schedules and terms of these grants often vary based on company-specific performance metrics and director service agreements.
• The size of the grant is typical for directors of large, publicly traded companies.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the director to act in the company's best interest.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Mondelez International, Michael Todman, deferred stock units, Form 4, director, beneficial ownership, Performance Incentive Plan, dividend reinvestment, SEC, MDLZ