Renaud Martin 4

What Happened Renaud Martin, EVP and Chief Marketing & Sales Officer at Mondelez International (MDLZ), received equity awards and vested performance shares on Feb 11, 2026. The filing shows 23,409 common shares were issued upon vesting of performance share units and 14,440 deferred stock units were granted (both recorded at $0 purchase price). In addition, 86,620 derivative units (options or similar equity awards) were granted/recorded as derivative awards. To satisfy tax withholding on the vesting, 10,585 shares were withheld/disposed at $61.47 each, totaling $650,660. These were internal withholdings to cover taxes, not an open-market sale.

Key Details

• Transaction date: Feb 11, 2026; Form 4 filed Feb 13, 2026 (no late filing indicated).
• Shares awarded/vested: 23,409 common shares; 14,440 deferred stock units; 86,620 derivative units (total acquired/awarded = 124,469 units).
• Shares withheld/disposed for taxes: 10,585 shares @ $61.47 = $650,660 (tax withholding).
• Price recorded for awards: $0.00 (awards/vesting). Withheld shares were disposed at $61.47.
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes from the filing:
  • F1: Common stock received on vesting of performance share units (PSUs).
  • F2: Withholding of shares to satisfy tax obligations on PSU vesting.
  • F3: Deferred stock units (vest in 33%/33%/34% on Feb 11 of 2027–2029).
  • F4: Options/derivative awards vest in 33%/33%/34% on Feb 11 of 2027–2029.

Context

• This filing primarily reflects compensation-related awards and vesting, not a discretionary market sale or buy. The only shares disposed were withheld to cover taxes (routine practice).
• The 86,620 derivative units and the deferred units have multi-year vesting schedules (see F3/F4); they are not immediately liquid holdings unless/when they vest and are exercised or converted.