Luca Zaramella, Executive Vice President and Chief Operating Officer of Mondelez International, Inc. (NASDAQ:MDLZ), filed a Form 4 on November 3, 2026, disclosing a stock option exercise and related share surrender that occurred on November 2, 2026.

Key Highlights

  • Option exercise: Zaramella exercised stock options covering 22,410 shares of Class A Common Stock at an exercise price of $43.51 per share on November 2, 2026.
  • Shares surrendered: 18,110 shares were disposed of at $66.38 per share, described as a surrender in payment of the exercise price and taxes.
  • Post-transaction ownership: Following both transactions, Zaramella directly held 408,313 shares of Class A Common Stock.
  • Options extinguished: The 22,410 exercised options now show a remaining balance of zero derivative securities held directly.
  • Option history: According to the filing, the options became 100% exercisable on February 22, 2021, and were set to expire on February 22, 2028.

Zaramella's November 2026 Option Exercise and Share Surrender at Mondelez

According to the Form 4 filed with the SEC, Luca Zaramella, identified as EVP and Chief Operating Officer of Mondelez International, Inc., reported two non-derivative transactions on November 2, 2026. First, 22,410 shares of Class A Common Stock were acquired via an option exercise coded "M," at a price of $43.51 per share, bringing his directly held total to 426,423 shares at that point.

Immediately following the exercise, the filing reports a disposal of 18,110 shares coded "F" at a price of $66.38 per share. The filing's explanation states that this Form 4 "is being filed to report the exercise of stock options that became 100% exercisable on February 22, 2021, expire on February 22, 2028, and to report the surrender of securities in payment of the exercise price and taxes." After this disposal, Zaramella's direct beneficial ownership stood at 408,313 shares of Class A Common Stock.

In Table II, the corresponding derivative security, stock options with a right-to-buy price of $43.51, was reduced to zero following the exercise of the 22,410 options. The options carried an expiration date of February 22, 2028. The filing was signed by Jamie L. East, by Power of Attorney, on November 3, 2026, and was filed as a report by one reporting person.

What Was Disclosed

The filing disclosed an option exercise of 22,410 shares at $43.51 and a surrender of 18,110 shares at $66.38 for exercise-price and tax payments, leaving Zaramella with direct beneficial ownership of 408,313 shares of Mondelez Class A Common Stock.