Vince Garlati - 16 Aug 2021 Form 4 Insider Report for Kraft Heinz Co (KHC)

Signature
/s/ Heidi Miller, by Power of Attorney
Issuer symbol
KHC
Transactions as of
16 Aug 2021
Net transactions value
-$690,048
Form type
4
Filing time
18 Aug 2021, 16:59:17 UTC
Next filing
17 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Award $0 +15,742 +15% $0.000000 123,298 16 Aug 2021 Direct F1, F2
transaction KHC Common Stock Tax liability $355,888 -9,363 -7.6% $38.01 113,935 16 Aug 2021 Direct F3
transaction KHC Common Stock Sale $334,161 -8,863 -7.8% $37.70 105,072 17 Aug 2021 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares earned under performance share units granted on August 16, 2019 for which the performance period has been completed and achievement certified, and which vest and settle in stock as follows, subject to the terms and conditions of the applicable award agreement: 50% on the second anniversary of the grant date, 25% on the third anniversary of the grant date, and the remaining 25% on the fourth anniversary of the grant date.
F2 Includes an additional 1,813 shares acquired through a dividend reinvestment program.
F3 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units.
F4 Effected pursuant to a pre-arranged trading plan established in accordance with Rule 10b5-1 of the Securities Act of 1934, as amended.
F5 This transaction was executed in multiple trades at prices ranging from $37.54 to $37.885. The price reported above reflects the weighted average sale price. Mr. Garlati hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer full information regarding the number of shares and the prices at which the transaction was effected.