Valle Gustavo Carlos 4

What Happened
Gustavo Carlos Valle, EVP and President, North America at Mondelez (MDLZ), had performance- and deferred-equity awards vest on Feb 11, 2026 and sold a small block of shares. He received 26,928 vested performance share units (PSUs) and 22,310 deferred stock units (DSUs) (both valued at $0 in the filing because they are awards). To satisfy tax withholding on the PSU vesting, 10,112 shares were withheld (disposed) at $61.47 each for approximately $621,585. On Feb 13, 2026 he sold 3,000 shares in the open market at $62.00 for $186,000. In addition, he was granted 133,870 derivative awards (options/awards) that vest over three years.

Key Details

• Transaction dates: awards and tax withholding on 2026-02-11; open-market sale on 2026-02-13; filing date 2026-02-13.
• Grants/awards: 26,928 PSUs (A), 22,310 DSUs (A), and 133,870 derivative award (A, derivative).
• Dispositions: 10,112 shares withheld for taxes at $61.47 each (~$621,585) (F); 3,000 shares sold open market at $62.00 ($186,000) (S).
• Vesting schedules noted: DSUs and the derivative awards/options vest 33% on Feb 11, 2027; 33% on Feb 11, 2028; 34% on Feb 11, 2029.
• Footnotes: F1 = PSU vesting; F2 = shares withheld to cover tax withholding; F3 = deferred stock units with multi-year vesting; F4 = options vesting schedule.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Filing timeliness: filed same day as the Feb 13 sale and two days after the Feb 11 vesting—appears timely for Form 4 rules.

Context
This report mainly reflects routine equity compensation activity: vesting of PSUs/DSUs and withholding of shares to cover taxes (common and not necessarily a market signal). The small open-market sale (3,000 shares for $186K) is a separate disposal and not shown as a cashless exercise of options. The large 133,870-share derivative grant will vest over the next three years per the schedule in the footnotes.