Dirk Van de Put is the CEO of Mondelez International, a major player in the snack food industry, known for brands like Oreo and Cadbury. He took over as CEO in 2017 and became the Chairman a year later. Under...

Current Market Cap

$99.53B

Number of Employees

91K

Total Compensation

2019 - 2023

Trending up by 36.80% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 51.42% last year

Salary

Up by 0.80% last year

Bonus

Down by -0.66% last year

Other

Up by 28.36% last year

Year

2023

Total Compensation

$30.51M

Salary

$1.55M

Board Justification

The compensation philosophy for Mondelez International aims to align executive pay with company performance, focusing on long-term shareholder value creation. The compensation structure is designed to attract, retain, and motivate talented executives by offering competitive pay packages that include a mix of fixed and variable components, with a significant portion at risk based on performance metrics.

Bonus

$4.42M

Board Justification

The bonus for Dirk Van de Put is part of the Annual Incentive Plan (AIP) which is based on achieving specific financial and strategic objectives. For 2023, the financial performance rating was 159% and the Strategic Progress Indicator (SPI) rating was 113%, resulting in a total incentive payment of $4,417,500, which is 150% of the target incentive.

Other

$923.66K

Board Justification

Other compensation for Dirk Van de Put includes personal use of company aircraft ($348,682), car allowance ($23,333), financial counseling allowance ($10,000), employer contributions on defined contribution plans ($539,725), tax preparation expenses ($1,916), and other benefits.

Restricted Stock

$23.62M(307.34K PSU)

Board Justification

The vested stock for Dirk Van de Put includes Performance Share Units (PSUs) from the 2021-2023 performance cycle. The final business performance rating for this cycle was 200%, resulting in 307,340 shares being earned.

Performance Metrics

The performance metrics for determining Dirk Van de Put's compensation in 2023 include Organic Volume Growth, Organic Net Revenue Growth, Adjusted Gross Profit Growth, Adjusted Operating Income Growth, Free Cash Flow, and Strategic Progress Indicators (SPIs) related to growth, execution, culture, and sustainability.

SEC Filing

From April 5, 2024