Sceti Elio Leoni 4
4 · Kraft Heinz Co · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Kraft Heinz (KHC) Director Sceti Elio Leoni Receives Stock Award
What Happened
Sceti Elio Leoni, a director of Kraft Heinz Co (KHC), received two grants of restricted stock units (RSUs) on May 14, 2026: 7,937 RSUs at $23.31 each ($185,011) and 3,218 RSUs at $23.31 each ($75,012), for a combined 11,155 RSUs valued at about $260,023. These are awards (code A), not open-market purchases or sales.
Key Details
- Transaction date and price: May 14, 2026 — 7,937 RSUs @ $23.31 ($185,011) and 3,218 RSUs @ $23.31 ($75,012).
- Vest/settlement: The RSUs are scheduled to settle 100% in common stock on May 14, 2027 (per filing footnote).
- Deferred award: One grant reflects deferred shares elected in lieu of a cash retainer; those deferred shares will be delivered at the six-month anniversary of Mr. Leoni Sceti’s separation from service as a director.
- Additional note: Filing states an additional 2,206 shares were acquired earlier through a dividend reinvestment program.
- Ownership reporting: Some shares are held by Elma Investments Ltd., owned by Elma Trust, of which Mr. Leoni Sceti is a beneficiary (per footnote).
- Shares owned after transaction: Not specified in the filing.
- Timeliness: The Form 4 was filed on May 18, 2026 (covers transactions dated May 14); this filing date meets the typical Form 4 deadline.
Context
These transactions are compensation awards (RSUs) to a director—common for board retainer arrangements and deferred-compensation elections. RSUs typically convert to actual shares at settlement/vesting dates and do not represent an immediate open-market purchase or sale; they should be viewed as part of routine director compensation rather than a direct buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-14$23.31/sh+7,937$185,011→ 51,201 total - Award
Common Stock
[F2][F3]2026-05-14$23.31/sh+3,218$75,012→ 56,625 total
- 40,000(indirect: See Footnote)
Common Stock
[F4]
Footnotes (4)
- [F1]Subject to the terms and conditions of the applicable award agreement, these restricted stock units are scheduled to settle in common stock 100% on May 14, 2027.
- [F2]Grant of deferred shares pursuant to an election to receive deferred shares in lieu of cash retainer. Receipt of the shares is deferred until the six-month anniversary of Mr. Leoni Sceti's separation from service as a director
- [F3]Includes an additional 2,206 shares acquired through a dividend reinvestment program.
- [F4]Shares owned directly by Elma Investments Ltd., which is wholly owned by Elma Trust. Mr. Leoni Sceti is a beneficiary of Elma Trust.