Company: KHC
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001637459-25-000118
Chunk: 10

Company: Kraft Heinz Co
Filing Date: 2025-06-23
Form: 11-K
Chunk 10
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 certain fair value estimates to changes in valuation assumptions, it is reasonably possible that changes in the values of investments will occur in the near term and that these changes could materially affect participants’ account balances and the amounts reported in the financial statements.

#### Benefits Paid
Benefit payments to participants are recorded upon distribution.

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NOTES TO THE FINANCIAL STATEMENTS</div>

#### Notes Receivable from Participants
Notes receivable from participants are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions, and the notes are collateralized by the participants’ account balances.

(3) PARTIES-IN-INTEREST TRANSACTIONS:

Parties-in-interest are defined under U.S. Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.

EBAB is not aware of any non-exempt transactions between the Plan and Master Trust and a party-in-interest (as defined by ERISA). The Master Trust held 2.8 million shares (approximately $85.9 million) and 3.2 million shares (approximately $117.5 million) of the Company’s common stock as of December 31, 2024 and December 31, 2023, respectively, which such holdings are exempt from the party-in-interest transaction prohibitions of ERISA. The Master Trust recorded reinvested dividend income of $3.9 million and net realized loss of $1.1 million from investments in the Company’s common stock for the year ended December 31, 2024. Newport is the independent fiduciary and investment manager of the Stock Fund.

The Master Trust invests in collective trusts issued by Prudential Trust Company, an investment manager and subsidiary of Prudential Financial, Inc., and managed by its affiliates; collective trusts issued by BlackRock Institutional Trust Company, National Association, an investment manager and subsidiary of BlackRock, Inc., and managed by its affiliates; collective trusts issued by JPMorgan Chase Bank, National Association, an investment manager and subsidiary of JPMorgan Chase & Co., and managed by its affiliates; collective trusts issued by State Street Global Advisors Trust Company, an investment manager and subsidiary of State Street Corporation, and managed by its affiliates; collective trusts issued by MFS Heritage Trust Company, an investment manager and subsidiary of Sun Life Financial, Inc., and managed by its affiliates, all of which are also