Kraft Heinz (KHC) director granted deferred stock awards as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PALMER ANTHONY J. reported acquisition or exercise transactions in this Form 4 filing.
Kraft Heinz Co director Anthony J. Palmer reported receiving two compensation-related grants of common stock, both classified as awards rather than open-market purchases. One grant covered 793 shares at an indicated value of $23.31 per share, bringing one reported direct holding line to 8,730 shares.
Another grant covered 7,937 deferred shares at the same indicated value. Footnotes state these are deferred share awards: one grant is payable only after Mr. Palmer’s separation from service as a director, and another represents an election to receive deferred shares instead of a cash retainer, with receipt deferred until six months after separation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PALMER ANTHONY J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,937 | $23.31 | $185K |
| Grant/Award | Common Stock | 793 | $23.31 | $18K |
Holdings After Transaction:
Common Stock — 7,937 shares (Direct, null)
Footnotes (1)
- Grant of deferred shares, receipt of which is deferred until Mr. Palmer's separation from service as a director. Grant of deferred shares pursuant to an election to receive deferred shares in lieu of cash retainer. Receipt of the shares is deferred until the six-month anniversary of Mr. Palmer's separation from service as a director.
Key Figures
Share grant: 793 shares
Deferred share grant: 7,937 shares
Indicated grant value: $23.31 per share
+3 more
6 metrics
Share grant
793 shares
Common Stock award at $23.31 per share
Deferred share grant
7,937 shares
Deferred Common Stock award at $23.31 per share
Indicated grant value
$23.31 per share
Price shown for both Common Stock grants
Post-grant holding line
8,730 shares
Total shares following one 793-share grant
Deferred holding line
7,937 shares
Total shares following 7,937-share deferred award
Transactions coded A
2 awards
Both entries marked as grant, award, or other acquisition
Key Terms
deferred shares, cash retainer, separation from service, grant, award, or other acquisition
4 terms
cash retainer financial
"Grant of deferred shares pursuant to an election to receive deferred shares in lieu of cash retainer."
separation from service financial
"Receipt of the shares is deferred until the six-month anniversary of Mr. Palmer's separation from service as a director."
grant, award, or other acquisition financial
"Transaction code A described as Grant, award, or other acquisition for the common stock entries."
FAQ
What insider transaction did Kraft Heinz (KHC) director Anthony J. Palmer report?
Anthony J. Palmer reported two grants of Kraft Heinz common stock. Both transactions are coded as awards, not open-market buys or sales, and reflect director compensation in stock form, including deferred share arrangements tied to his eventual separation from the board.