't Hart Cees 4

What Happened
Cees 't Hart, a director of Mondelez International (MDLZ), was granted 3,525 deferred stock units (DSUs) on 2026-05-20. The reported acquisition price is $0.00 because this was an award (code A) under the company's 2024 Performance Incentive Plan. The DSUs are 100% vested, but actual delivery of shares is deferred until six months after Mr. 't Hart's separation from service as a director.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-21) — filing appears timely.
• Transaction type/code: Grant/Award (A); 3,525 deferred stock units; reported $0.00 acquisition price.
• Vesting/delivery: DSUs are fully vested; receipt of shares deferred until six months after the reporting person's separation from service (Footnote F1).
• Shares owned after transaction: total beneficial ownership not specified in the filing; the filing notes ~476 shares were acquired through a dividend reinvestment program and are included in the total (Footnote F2).
• No indication of a 10b5-1 sale plan, cashless exercise, tax-withholding sale, or late filing.

Context
Deferred stock units are a form of equity compensation that typically do not convert to actual shares (or cash) until a future event — here, the director’s separation and a six-month delay thereafter. Because this is an awarded, vested DSU grant rather than an open-market purchase or sale, it should not be interpreted as an immediate buy or sell signal. It reflects routine director compensation practices rather than an active market trade.