Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 83

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected.

Note 9.  Employees’ Stock Incentive Plans

Stock Options:Our stock option activity and related information was:Number of Stock OptionsWeighted Average Exercise Price(per share)Outstanding at December 28, 20246,720,421 $46.44 Granted936,208 30.71 Forfeited(1,744,982)50.34 Outstanding at March 29, 20255,911,647 42.79 Restricted Stock Units:Our restricted stock unit (“RSU”) activity and related information was:Number of UnitsWeighted Average Grant Date Fair Value (per share)Outstanding at December 28, 20246,705,507 $37.31 Granted2,235,994 30.88 Forfeited(194,031)35.89 Vested(1,774,368)38.54 Outstanding at March 29, 20256,973,102 34.98 The aggregate fair value of RSUs that vested during the period was $55 million for the three months ended March 29, 2025.Performance Share Units:Our performance share unit (“PSU”) activity and related information was:Number of UnitsWeighted Average Grant Date Fair Value (per share)Outstanding at December 28, 20245,389,930 $31.77 Granted3,163,212 30.50 Forfeited(a)(865,726)32.96 Vested(635,807)34.47 Outstanding at March 29, 20257,051,609 30.81 (a)    Includes PSUs forfeited due to employee terminations and performance conditions that were not satisfied.The aggregate fair value of PSUs that vested during the period was $20 million for the three months ended March 29, 2025.