COUSIN ERTHARIN 4

What Happened Cousin Ertharin, a director of Mondelez International (MDLZ), was granted 3,525 deferred stock units on 2026-05-20 under the company's 2024 Performance Incentive Plan. The units were reported at $0.00 (no cash paid) and are 100% vested; however, actual delivery of shares is deferred until six months after the reporting person's separation from service as a director. This is an awarded compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-05-20 — Award/Grant of 3,525 deferred stock units (code A), $0.00 per share.
• Vesting/settlement: Units are fully vested but receipt of shares is deferred until six months after the director leaves service (per footnote F1).
• Shares owned after transaction: The filing does not state a total post-transaction share count; it notes (footnote F2) ~1,004 shares were acquired previously via a dividend reinvestment program and are included in the reported holdings.
• Timeliness: Report filed 2026-05-21 for a 2026-05-20 transaction — appears timely.

Context Deferred stock units (DSUs) are a form of non-cash director compensation that promise future shares or cash tied to the issuer's stock. Because this was a compensatory award (not a purchase or sale), it’s primarily a disclosure of pay rather than a direct market sentiment signal. Retail investors typically view purchases as more informative about insider conviction; awards mainly reflect compensation policy.