Form 4: Mondelez EVP Lilak Boosts Equity Holdings

Mondelez International's EVP and Chief People Officer, Stephanie Lilak, reported significant equity awards and option grants, alongside routine tax-related share dispositions.

Summary

• Stephanie Lilak, Executive Vice President and Chief People Officer of Mondelez International, Inc. (MDLZ), reported several transactions on February 11, 2026.
• Received 4,397 shares of Class A Common Stock upon the vesting of performance share units granted under the Issuer's Amended and Restated 2005 Performance Incentive Plan.
• Disposed of 1,374 shares of Class A Common Stock at a price of $61.47 per share to satisfy tax withholding obligations in connection with the vesting of performance share units.
• Granted 10,370 deferred stock units (DSUs) under the Issuer's 2024 Performance Incentive Plan, which will vest in three annual installments: 33% on February 11, 2027; 33% on February 11, 2028; and 34% on February 11, 2029.
• Granted 62,210 stock options with an exercise price of $61.47, which will vest in three annual installments: 33% on February 11, 2027; 33% on February 11, 2028; and 34% on February 11, 2029. These options expire on February 11, 2036.
• Following these reported transactions, Lilak directly beneficially owns 27,336 shares of Class A Common Stock and 62,210 stock options.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, reflecting routine executive compensation that aligns management incentives with shareholder interests through equity awards and options, without indicating any adverse operational or financial developments.

Positives

• The vesting of 4,397 performance share units indicates the achievement of previously set performance targets.
• The grant of 10,370 deferred stock units aligns executive compensation with long-term shareholder value creation.
• The grant of 62,210 stock options provides a strong incentive for the executive to contribute to future stock price appreciation.

Negatives

• Disposition of 1,374 shares at $61.47 to cover tax withholding obligations is a standard practice for equity awards and not indicative of negative sentiment.

Future Outlook

Deferred stock units and stock options granted to Stephanie Lilak are scheduled to vest in three annual installments: 33% on February 11, 2027, 33% on February 11, 2028, and 34% on February 11, 2029. The stock options have an expiration date of February 11, 2036.

Industry Context

StockSavvy.ai notes that the structure of executive compensation, including performance share units, deferred stock units, and stock options, is a common practice across the consumer staples industry. This approach aims to align the interests of executives like Stephanie Lilak with long-term shareholder value creation by tying a significant portion of their compensation to company performance and stock price appreciation.

Comparison to Industry Standards

• The equity compensation package for Stephanie Lilak, including performance share units, deferred stock units, and stock options, is consistent with typical executive incentive plans observed in large-cap consumer goods companies such as PepsiCo (PEP) or Coca-Cola (KO).
• These plans commonly feature multi-year vesting schedules to promote long-term retention and performance alignment, with exercise prices for options often set at the market price on the grant date, as seen here with the $61.47 exercise price.

Corporate Governance

Stakeholder Impact

• Shareholders: Benefit from executive compensation structures designed to align management's long-term interests with shareholder value creation.
• Employees: The filing pertains to a senior executive's compensation, which may indirectly influence broader compensation strategies within the company.

Next Steps

• First annual vesting of deferred stock units and stock options on February 11, 2027.
• Second annual vesting of deferred stock units and stock options on February 11, 2028.
• Third annual vesting of deferred stock units and stock options on February 11, 2029.
• Potential exercise of stock options before their expiration on February 11, 2036.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including equity grants and tax-related share dispositions. It does not provide new fundamental information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It primarily serves as a transparency mechanism for insider holdings.

Keywords

Mondelez International, MDLZ, Stephanie Lilak, Form 4, Insider Transaction, Executive Compensation, Stock Options, Performance Share Units, Deferred Stock Units, Equity Awards