Form 4: Mondelez EVP Luca Zaramella Reports Stock Transactions
SEC Form 4
Luca Zaramella, EVP & Chief Financial Officer of Mondelez International, reports acquisition and disposal of Class A Common Stock and stock options.
Summary
- On February 27, 2024, Luca Zaramella, EVP & Chief Financial Officer of Mondelez International, acquired 88,200 shares of Class A Common Stock upon vesting of performance share units.
- On the same day, Zaramella disposed of 37,035 shares of Class A Common Stock at a price of $73.13.
- Following these transactions, Zaramella directly owns 262,554 shares of Class A Common Stock.
- Zaramella also holds options to buy 96,580 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: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
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 transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Mondelez, similar to filings made by executives at Nestle, PepsiCo, and Unilever.
- The vesting schedule of the stock options (33%, 33%, 34% over three years) is a typical vesting arrangement seen in many executive compensation packages.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into executive compensation and stock ownership.
- The vesting of performance share units could motivate the executive to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock acquisition and disposal. |
| 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 report. |
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