Iyer Deepak D. 4
Research Summary
AI-generated summary
Mondelez (MDLZ) EVP Deepak Iyer Receives Awards; 570 Shares Withheld
What Happened
- Deepak D. Iyer, Executive Vice President and President AMEA of Mondelez International (MDLZ), received awards/vested equity on 2026-02-11 totaling 115,106 shares (14,046 + 14,440 + 86,620) shown as acquisitions at $0.00.
- To cover tax withholding related to the vesting, 570 shares were disposed (withheld) at $61.47 each for a total withholding value of $35,038. The 86,620-share item is reported as a derivative award (see footnotes). These were equity grants/vests rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (appears timely).
- Awards/vests: 14,046 shares @ $0.00; 14,440 shares @ $0.00; 86,620 shares (derivative) @ $0.00.
- Tax withholding: 570 shares disposed @ $61.47 each, total $35,038.
- Shares owned after the transaction: not specified in the provided summary — see the SEC filing for exact post-transaction beneficial ownership.
- Footnotes: F1 indicates shares received upon vesting of performance share units (PSUs); F2 notes withholding of shares to satisfy tax obligations on PSU vesting; F3 describes deferred stock units (granted under the 2024 plan) that vest 33%/33%/34% on Feb 11 of 2027–2029; F4 describes a standard 3-year option vesting schedule.
- Transaction codes: A = award/grant (acquisition via vesting); F = tax withholding (disposition).
Context
- These transactions are routine compensation events (vests and deferred units) rather than open-market trades; the withholding of 570 shares is a common cashless/tax-withholding mechanism and not a discretionary sale signal.
- The 86,620 “derivative” units likely represent deferred or performance-contingent units that may vest or convert over time per the footnote schedule — check the full filing for any performance conditions or future vesting dates.