Form 4: Mondelez International Director Receives Deferred Stock Units

Director Jorge S. Mesquita received 2,849 deferred stock units from Mondelez International under the 2024 Performance Incentive Plan.

Summary

• On May 22, 2024, Jorge S. Mesquita, a director of Mondelez International, Inc., was granted 2,849 deferred stock units under the company's 2024 Performance Incentive Plan.
• These deferred stock units are fully vested, but the shares will be received six months after Mesquita's separation from service as a director.
• Following the transaction, Mesquita beneficially owns 59,536 shares of Class A Common Stock, which includes 6,882 shares acquired through a dividend reinvestment program.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of Mondelez International.
• The dividend reinvestment program allows for increased ownership over time.

Future Outlook

The reporting person will receive shares six months after separation from service as a director.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It reflects standard practices for aligning director incentives with shareholder value.

Comparison to Industry Standards

• Deferred stock units are a common form of executive compensation in publicly traded companies, including peers of Mondelez International such as Nestle, PepsiCo, and Unilever.
• These companies often use similar incentive plans to align the interests of their directors and executives with the long-term performance of the company.
• The vesting and deferral terms are also typical, with many companies deferring the receipt of shares until after the executive's departure from the company.

Stakeholder Impact

• The grant of deferred stock units could positively impact shareholders by aligning director interests with long-term company performance.

Key Dates