Summary
This 8-K filing by Kraft Foods Inc. (now Mondelez International) reports a restricted stock grant to a key executive, Mr. Khosla, on February 20, 2009. The grant of 42,310 shares is intended to acknowledge his transition of responsibilities in Europe and his ongoing focus on developing markets. This award is in addition to the company's standard annual stock awards for 2009. The restricted stock is set to vest on February 17, 2012. For investors, this filing highlights management's strategic compensation practices, linking executive rewards to critical business areas like European restructuring and emerging market growth. While the direct financial impact on the company is minimal, it signals management's commitment to incentivizing leadership during periods of significant operational change and expansion.
Key Highlights
- 1Kraft Foods Inc. (now Mondelez International) granted 42,310 shares of restricted stock to Mr. Khosla on February 20, 2009.
- 2The award is a supplementary compensation measure, in addition to regular annual stock grants.
- 3The restricted stock grant is tied to Mr. Khosla's transition of responsibilities in Europe and his focus on developing markets.
- 4The vesting date for this restricted stock award is February 17, 2012.
- 5This filing falls under Item 5.02, concerning departures/elections of directors or officers, and appointment/compensation of officers.