Company: KHC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001308179-25-000266
Chunk: 30

Company: Kraft Heinz Co
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 30
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 March 1, 2026, subject to continued service through such date.

| Performance Indicator                                | Target         | Achieved        | PSUs Earned |
| TSR relative rank versus 2022 performance peer group | Third Quartile | Second Quartile | 50%         |

2023 AND 2024 PSU PERFORMANCE STATUS The number of PSUs earned under the grants made on March 1, 2023 (the “2023 PSUs”) and March 1, 2024 (the “2024 PSUs”) will be based on achievement of relative TSR (40%), Organic Net Sales CAGR (30%), and Cumulative Free Cash Flow (30%) targets over a three-year performance period. The Company will compare achieved TSR over the performance period versus the 13 companies identified in the performance peer group. The levels of TSR performance for the awards, calculated based upon an ending date of December 28, 2024, were: Achievement below the 25th percentile results in no earned PSUs. The percent of PSUs earned for achievement above the 80th percentile is capped at 150%. The Kellogg Company has been a part of the TSR performance peer group since 2021. In 2023, Kellogg Company split into two publicly traded companies: Kellanova and WK Kellogg Co. In connection with the split, the Compensation Committee approved the following treatment for the current and any future TSR performance assessment related to PSUs as follows:

| ● | 2022 and 2023 awards: We will maintain the original                                                                        
 start price calculation based on Kellogg Company and determine the end price based on a combined index of Kellanova and WK 
 Kellogg Co stock, according to the terms of the split (4:1).                                                               |
| ● | 2024 and future awards: We plan to only include Kellanova.                                                                 |

TIMING OF EQUITY AWARDS The Company has a practice of granting annual equity awards to eligible employees, including NEOs, which may include PSUs, stock options and time-based RSUs, typically in the first quarter of each year.Interim equity grants, such as grants made to new hires, are generally made at the time of the next annual grant, although these practices may in the future be varied. During 2024, the Compensation Committee did not consider material nonpublic information when determining the timing or terms of equity awards for the NEOs, and the Company did not time the disclosure of material nonpublic information for the purpose of