Sundar PichaiSundar Pichai earned $164M in 2023

Miguel Patricio, born in 1967, is the CEO of The Kraft Heinz Company. He took on this role in 2019 after a successful tenure at Anheuser-Busch InBev, where he was the Chief Marketing Officer. Miguel has a strong background in...

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Miguel Patricio

Ex-CEO of The Kraft Heinz Company

Education

MBA from the University of São Paulo

Field of Expertise

Sales & Marketing - Marketing

Sector of Economy

Consumer Defensive

Born

January 1, 1967 - 58 years ago

CEO of The Kraft Heinz Company for

4 years 6 months (Jul 2019 - Jan 2024)

Previous Experience

Chief of Special Global Projects-Marketing at Anheuser-Busch InBev

Holdings

See how much did Miguel Patricio make over time.

Miguel Patricio has seen fluctuations in his holdings and wealth tied to Kraft Heinz's performance over the years. In 2019, he began with a vested stock as part of his total compensation, giving him a stake in the company's success....

Mar 18, 2025

Total Stock Sold

$27.93M

KHC

$27.93M

651,416 KHC shares

What if they kept their stock?

If Miguel Patricio didn't sell their stock, today they would have:
Extra KHC651,416 shares worth $18.31M.
This is -34.44% and $9.62M less than what they got when they sold the stock.

Charitable Transactions

KHC

2,320,251 shares

KHC

Recent Charitable Transactions

KHC

72,465 shares

KHC

Mar 14, 2025

Charity

KHC

864,279 shares

KHC

May 16, 2024

Charity

KHC

1,383,507 shares

KHC

May 16, 2022

Charity

Insider Trading

See recent insider trades of Miguel Patricio.

KHC

72,465 shares

KHC

Mar 14, 2025

Charity

KHC

72,465 shares

KHC

Mar 14, 2025

Charity

KHC

864,279 shares

KHC

May 16, 2024

Charity

KHC

864,279 shares

KHC

May 16, 2024

Charity

KHC

$305.03K

KHC at $36.72/share

May 2, 2024

Received

KHC

$5.00M

KHC at $38.02/share

Jan 2, 2024

Sale

KHC

$1.25M

KHC at $12.80/share

Mar 1, 2023

Received

KHC

1,383,507 shares

KHC

May 16, 2022

Charity

KHC

1,383,507 shares

KHC

May 16, 2022

Charity

KHC

$11.51M

KHC at $44.28/share

May 16, 2022

Sale

Compensation History

See how much did Miguel Patricio make over time.

In 2023, Miguel Patricio's total compensation was approximately $11.36 million, which included a base salary of $1 million and a bonus of around $3.37 million. The bonus was tied to ambitious financial goals and individual performance metrics, illustrating a focus on results. His compensation package also included various perks, but no vesting of stock options this year. This structure aligns with his belief that pay should reflect company performance, indicating a strong eat-what-you-kill philosophy. Over the years, his pay has gradually increased, with notable bonuses reflecting his contributions to company growth. However, he did not partake in stock grants until 2023, focusing more on cash incentives initially as part of his motivation strategy. Such a mix shows how Kraft Heinz seeks to attract and retain talent through performance-based rewards.

Year

2023

Total Compensation

$5.09M

Salary

$1.10M

Board Justification

The compensation program is designed to attract, engage, and incentivize highly skilled and performance-oriented talent, aligning the interests of employees with those of stockholders, with a focus on performance-based and at-risk compensation.

Bonus

$3.37M

Board Justification

Annual cash incentive payouts under the Performance Bonus Plan were based on achievement of ambitious financial performance goals, market share, or risk management excellence, and individual achievement of strategic, ESG, and employee engagement objectives. Payouts to our NEOs were 102% to 107% of targeted amounts.

Other

$626.48K

Board Justification

Includes matching contributions to Kraft Heinz 401(k), DEUs accrued on all dividend eligible RSUs, insurance coverage, and commuting expenses.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the amounts reported in the Summary Compensation Table include stock awards that were granted but not yet vested.

Performance Metrics

Performance metrics for the bonus included financial performance goals, market share, risk management excellence, and individual strategic objectives.