Mondelez COO Luca Zaramella Exercises Stock Options

What Happened

• Luca Zaramella, Chief Operating Officer of Mondelez International (MDLZ), exercised stock options on 2026-09-02 to acquire 22,570 common shares at an exercise price of $43.20 per share (aggregate intrinsic amount shown: $975,024).
• To cover the exercise price and associated tax withholding, 18,695 shares were surrendered/disposed at an indicated value of $62.45 per share (aggregate value reported: $1,167,503). The option/derivative that was exercised was also reported as disposed (22,570 shares at $0.00), reflecting conversion/termination of the options.
• Net effect: Zaramella received 22,570 shares via exercise and surrendered 18,695 of those to satisfy costs, leaving a net increase of 3,875 shares retained by him. This is a routine, compensation-related transaction rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-02; Form 4 filed 2026-09-04 (timely filing).
• Exercise: 22,570 shares @ $43.20 = $975,024 (code M: option exercise).
• Withholding/surrender: 18,695 shares @ $62.45 = $1,167,503 (code F: payment of exercise price/taxes).
• Derivative disposition: 22,570 shares @ $0.00 reported (reflects conversion/termination of the option instrument).
• Footnote: Options exercised were 100% exercisable since Feb 16, 2020 and expire Feb 16, 2027; shares were surrendered to pay exercise price and taxes.
• Shares owned after transaction: not specified in the filing; net shares retained from this transaction = 3,875.

Context

• This was a cashless-style exercise (options converted into shares, with a portion surrendered to cover exercise price and tax withholding), a common form of executive compensation settlement.
• Such transactions often reflect routine option exercises and tax-related share withholdings rather than a directional bet by the insider. This filing does not indicate a 10% owner or use of a 10b5-1 plan.