Form 4: Mondelez Executive Stephanie Lilak Acquires Stock Options

EVP and Chief People Officer of Mondelez International, Stephanie Lilak, reports acquisition of stock options.

Summary

• Stephanie Lilak, EVP and Chief People Officer at Mondelez International, acquired stock options on February 27, 2024.
• The stock options grant the right to buy 25,640 shares of Class A Common Stock at a price of $73.13 per share.
• The options vest in three annual installments: 33% on February 27, 2025; 33% on February 27, 2026; and 34% on February 27, 2027.
• Following the transaction, Stephanie Lilak directly owns 25,640 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, suggesting confidence in the company's future.

Positives

• The acquisition of stock options by a top executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Stock option grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages among large, publicly traded consumer packaged goods companies like Mondelez, Nestle, PepsiCo, and Unilever.
• The vesting schedule of three years is also typical, encouraging long-term commitment from the executive.
• The number of shares granted is likely determined by a compensation committee based on factors such as performance, tenure, and industry benchmarks.

Stakeholder Impact

• The stock option grant aligns the executive's interests with those of shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates