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...

Number of Employees

36K

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.

SEC Filing

From March 22, 2024