Carlos Abrams-Rivera is the CEO of The Kraft Heinz Company, taking the reins in January 2024 after a steady climb through various leadership roles within the company. Born in 1967, Carlos has a rich history in the food and beverage...

Number of Employees

36K

Year

2023

Total Compensation

$8.26M

Salary

$800.00K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with long-term company performance and shareholder interests, with a focus on attracting and retaining top talent.

Bonus

$2.26M

Board Justification

The bonus is based on the Performance Bonus Plan (PBP) and reflects achievement against financial performance goals for 2023, paid in cash in the first quarter of 2024.

Other

$488.03K

Board Justification

Other compensation includes contributions to retirement plans, insurance coverage, and relocation expenses.

Restricted Stock

$4.71M(122.12K RSU)

Board Justification

The vested stock includes shares from Matching RSUs, PSUs, and RSUs that vested in 2023, reflecting the performance metrics achieved during the year.

Performance Metrics

The performance metrics for 2023 included financial performance goals related to the Performance Bonus Plan, which were tied to the company's overall performance and individual contributions.

SEC Filing

From March 22, 2024