Melissa Werneck - Mar 1, 2022 Form 4 Insider Report for Kraft Heinz Co (KHC)

Signature
/s/ Nicole Fritz, by Power of Attorney
Stock symbol
KHC
Transactions as of
Mar 1, 2022
Transactions value $
-$130,158
Form type
4
Date filed
3/3/2022, 05:01 PM
Previous filing
Jan 31, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Award $0 +24.6K +10.88% $0.00 251K Mar 1, 2022 Direct F1
transaction KHC Common Stock Award $0 +6.05K +2.41% $0.00 257K Mar 1, 2022 Direct F2
transaction KHC Common Stock Award $0 +15.5K +6.04% $0.00 272K Mar 1, 2022 Direct F3
transaction KHC Common Stock Award $0 +15.1K +5.56% $0.00 287K Mar 1, 2022 Direct F4
transaction KHC Common Stock Tax liability -$130K -3.37K -1.17% $38.68 284K Mar 1, 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KHC Stock Options (right to buy) Award $0 +3.03K $0.00 3.03K Mar 1, 2022 Common Stock 3.03K $38.68 Direct F6
* 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 March 2, 2020 for which the performance period was completed and achievement certified on August 16, 2021, which were inadvertently omitted from Ms. Werneck's Form 3 filed on January 31, 2022. These earned shares vest and settle in stock 50% on August 16, 2022 and 50% on August 16, 2023, subject to the terms and conditions of the applicable award agreement.
F2 Subject to the terms and conditions of the applicable award agreement, these restricted stock units are scheduled to settle in stock 100% on March 1, 2025.
F3 Subject to the terms and conditions of the applicable award agreement, these restricted stock units are scheduled to settle in stock 75% on March 1, 2025 and 25% on March 1, 2026.
F4 Represents the number of shares earned under performance share units granted on June 1, 2020 for which the first of two performance periods has been completed and achievement certified, and which earned units vest and settle with respect to 50% of the earned shares on June 1, 2022, and the remaining 50% of the earned shares in two equal installments on June 1, 2023 and June 1, 2024, in each case subject to the terms and conditions of the applicable award agreement.
F5 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
F6 Subject to the terms and conditions of the applicable award agreement, options vest 100% on March 1, 2025.