Form 4: Mondelez International Director Patrick Siewert Reports Changes in Beneficial Ownership

Director Patrick Siewert reports changes in beneficial ownership of Mondelez International stock, including a grant of deferred stock units and adjustments to share ownership.

Summary

• Patrick Siewert, a director of Mondelez International, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 22, 2024, Siewert received 2,849 Class A Common Stock units as a grant of deferred stock units under the 2024 Performance Incentive Plan.
• These deferred stock units are fully vested, but the shares will be received six months after Siewert's departure from the Mondelez International board.
• Siewert's total share ownership includes 6,777 shares acquired through a dividend reinvestment program.
• His share ownership no longer includes 2,000 shares previously held by his deceased father.
• Following these transactions, Siewert beneficially owns 52,809 shares of Mondelez International Class A Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock ownership changes. The grant of deferred stock units is a positive sign of alignment between management and shareholders. The removal of shares due to inheritance is neutral.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• The dividend reinvestment program demonstrates a commitment to increasing share ownership.

Future Outlook

The receipt of shares from the deferred stock units is contingent on Siewert's continued service as a director and will occur six months after his separation from the board.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key director.
• The deferred stock units incentivize the director to act in the best interests of the company and its shareholders.

Key Dates