The Kraft Heinz Company
08/05/2024 | Press release | Distributed by Public on 08/05/2024 06:31
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2024, The Kraft Heinz Company (the "Company") announced that Rashida La Lande, Executive Vice President and Chief Legal and Corporate Affairs Officer, will be stepping down from her role effective immediately. Ms. La Lande's decision to step down is not due to any disagreement or dispute with the Company. Ms. La Lande will remain with the Company as an advisor for a transition period through the completion of certain strategic projects.
In recognition of her actual performance for 2024 and in consideration for her remaining as an advisor and agreeing to restrictive covenants pursuant to a Separation Agreement, Ms. La Lande will receive a pro-rata payment of her annual bonus under the Company's Performance Bonus Plan. In addition, matching restricted stock units ("RSUs") that Ms. La Lande has received from participating in the Company's Bonus Investment Plan and dividend equivalent units accrued on such RSUs, which would otherwise vest three years after grant, will vest pro rata at 33% for her 2023 grant and 66% for her 2022 grant.
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