Form 4: Mondelez Executive Sells Shares for Tax Obligations
Insider Transaction Report
Mondelez International's EVP, CLA and General Counsel, Laura Stein, disposed of 1,716 shares of common stock to cover tax withholding obligations related to vested deferred stock units.
Summary
- Laura Stein, Executive Vice President, Chief Legal and Administration Officer, and General Counsel of Mondelez International, Inc. (MDLZ), reported a transaction involving company stock.
- On January 12, 2026, Stein disposed of 1,716 shares of Class A Common Stock.
- The shares were disposed of at a price of $55.09 per share.
- This transaction was executed to satisfy tax withholding obligations in connection with the vesting of deferred stock units under the Issuer's Amended and Restated 2005 Performance Incentive Plan.
- Following this disposition, Laura Stein beneficially owns 71,858 shares of Class A Common Stock directly.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The transaction is a routine tax-related disposition of shares following the vesting of deferred stock units, indicating earned compensation. It's not a discretionary sale, and the executive retains a substantial holding.
Positives
- The transaction is a routine, non-discretionary disposition for tax purposes, indicating the executive is fulfilling obligations related to earned compensation.
- The underlying event is the vesting of deferred stock units, which represents a positive for the executive as it signifies earned equity compensation.
Negatives
- A reduction in the direct beneficial ownership of Class A Common Stock by a key executive, although for tax-related reasons.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Laura Stein granted a Power of Attorney to Jamie L. East and herself to prepare, execute, and submit SEC Section 16 filings (Forms ID, 3, 4, and 5) on her behalf. | April 1, 2025 | This streamlines compliance for the executive's insider trading reports, ensuring timely and accurate filings with the SEC and relevant authorities. |
Related Party Transactions
- The disposition of shares by an executive to the company for tax withholding purposes is a routine related-party transaction inherent in equity compensation plans.
Stakeholder Impact
- Shareholders: Minimal direct impact. The transaction is a small, non-discretionary reduction in an insider's holdings for tax purposes, which is a common occurrence with executive equity compensation. The executive retains a significant stake, maintaining alignment of interests.
- Management: The transaction reflects the normal course of executive compensation, where vested equity is partially used to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| April 1, 2025 | Effective date of the Power of Attorney granted by Laura Stein for Section 16 reporting. |
| April 10, 2025 | Date the Power of Attorney was executed by Laura Stein. |
| January 12, 2026 | Date of the reported transaction (disposition of shares). |
| January 13, 2026 | Date the Form 4 was signed by Power of Attorney and filed. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of deferred stock units. It does not reflect a change in the executive's investment conviction or the company's fundamental outlook. The executive retains a significant beneficial ownership, suggesting continued alignment with shareholder interests. Therefore, the filing itself does not warrant a change in investment recommendation, maintaining a 'hold' stance based solely on this information.
Keywords
Mondelez International, MDLZ, Laura Stein, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Deferred Stock Units, Executive Compensation, Corporate Governance
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