Vince Garlati - Aug 16, 2022 Form 4 Insider Report for Kraft Heinz Co (KHC)

Signature
/s/ Nicole Fritz, by Power of Attorney
Stock symbol
KHC
Transactions as of
Aug 16, 2022
Transactions value $
-$1,019,224
Form type
4
Date filed
8/18/2022, 06:02 PM
Previous filing
Jun 28, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Tax liability -$253K -6.52K -5.6% $38.83 110K Aug 16, 2022 Direct F1
transaction KHC Common Stock Award $0 +4.93K +4.49% $0.00 115K Aug 16, 2022 Direct F2
transaction KHC Common Stock Sale -$766K -19.9K -17.37% $38.43 94.8K Aug 17, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units.
F2 Represents the number of shares earned under performance share units granted on June 1, 2020 for which the second of two performance periods has been completed and achievement certified, and which units vested and settled with respect to 50% of the earned shares on June 1, 2022, and the remaining 50% of the earned shares vest 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.
F3 Effected pursuant to a pre-arranged trading plan established in accordance with Rule 10b5-1 of the Securities Act of 1934, as amended.
F4 This transaction was executed in multiple trades at prices ranging from $38.25 to $38.725. 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.