Kraft Heinz (KHC) EVP receives stock awards and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kraft Heinz executive vice president Flavio Torres reported equity compensation changes in company stock. On March 1, he received two stock awards of 10,909 and 22,082 common shares, and 25,026 shares were withheld to cover tax obligations tied to vesting restricted and performance share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Torres Flavio
Role
EVP & Global Chf Sply Chn Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,909 | $0.00 | -- |
| Grant/Award | Common Stock | 22,082 | $0.00 | -- |
| Tax Withholding | Common Stock | 25,026 | $24.61 | $616K |
Holdings After Transaction:
Common Stock — 295,069 shares (Direct)
Footnotes (1)
- Subject to the terms and conditions of the applicable award agreement, these restricted stocks units are scheduled to settle in common stock 75% on March 1, 2029 and 25% on March 1, 2030. Includes an additional 1,746 shares acquired through a dividend reinvestment program. Represents number of shares earned under performance share units granted on March 1, 2023, for which the performance period has been completed and achievement certified at 61.47%, and which vest and settle in stock, subject to the terms and conditions of the applicable award agreement. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units.
FAQ
What insider transactions did Kraft Heinz (KHC) report for Flavio Torres?
Flavio Torres reported stock-based compensation activity, including two stock awards and a tax-related share withholding. The transactions involved Kraft Heinz common stock granted at no cost and shares withheld to satisfy tax obligations arising from vesting equity awards.
When will Flavio Torres’s restricted stock units in Kraft Heinz settle?
The restricted stock units referenced are scheduled to settle in common stock 75% on March 1, 2029 and 25% on March 1, 2030. Actual settlement depends on the terms and conditions of the applicable award agreement governing those long-term incentive grants.