Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 28

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 for qualified property and research and development expenditures. We are currently evaluating the law and its impact on our financial statements.

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(1,786,327)50.30 Outstanding at June 28, 20255,870,302 42.75 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 Granted2,423,731 30.96 Forfeited(565,221)35.43 Vested(1,909,147)38.44 Outstanding at June 28, 20256,654,870 34.84 The aggregate fair value of RSUs that vested during the period was $58 million for the six months ended June 28, 2025.

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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)(1,351,496)31.67 Vested(636,046)33.58 Outstanding at June 28, 20256,565,600 30.92 (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 six months ended June 28, 2025.

Note 10.  Postemployment Benefits

See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 28, 2024 for additional information on our postemployment-related accounting policies.Pension PlansComponents of Net Pension Cost/(Benefit):Net pension cost/(benefit) consisted of the following (in millions):For the Three Months EndedU.S. PlanNon-U.S. PlansJune 28, 2025June