Mondelez International, Inc.
For the period ended May 20, 2026. Filed Apr 3, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 20, 2026 · Filed Apr 3, 2026
Contents
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of
Regulation S-K, we are providing the following information about the relationship between executive compensation
actually paid and certain financial performance measures of the Company. For further information concerning our pay
for performance philosophy and how we align executive compensation with the Company’s performance, refer to
the CD&A.
| Summary Compensation Table Total for PEO(1)($) · Average Summary Compensation Table Total for Non-PEO NEOs(3)($) · Average Compensation Actually Paid to Non-PEO NEOs(4)($) · Value of Initial Fixed $100Investment Based On: | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year · Compensation Actually Paid to PEO(2)($) · Total Shareholder Return(5)($) · Peer Group Total Shareholder Return(6)($) · Net Income(7)($) · Adjusted Gross Profit Growth(8) | ||||||||
| 2025 | 24,516,114 | 8,052,850 | 7,220,779 | 3,305,719 | 104.41 | 115.32 | 2,466 | (11.4)% |
| 2024 | 22,304,723 | (4,104,612) | 6,137,745 | 629,530 | 112.30 | 111.97 | 4,623 | 5.1% |
| 2023 | 21,018,175 | 49,732,942 | 7,057,749 | 11,428,845 | 132.58 | 111.01 | 4,968 | 18.8% |
| 2022 | 17,925,677 | 27,017,315 | 4,833,472 | 6,838,394 | 119.26 | 113.09 | 2,726 | 12.3% |
| 2021 | 16,128,320 | 26,845,406 | 4,960,822 | 7,251,942 | 115.87 | 114.40 | 4,314 | 3.5% |
(1)The dollar amounts reported are the amounts of total compensation reported in the “Total Compensation” column of our SCT for Mr. Van de Put, our Principal
Executive Officer (PEO).
(2)The dollar amounts reported represent the amount of compensation actually paid (“CAP”), as computed in accordance with SEC rules. The dollar amounts do
not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were
made to 2025 total compensation to determine the 2025 CAP for our PEO:
| Year | Reported Summary Compensation Table Total for PEO($) | Less Reported Value of Equity Awards(a)($) | Plus Equity Award Adjustments(b)($) | Compensation Actually Paid to PEO($) |
|---|---|---|---|---|
| 2025 | 24,516,114 | 18,931,914 | 2,468,650 | 8,052,850 |
(a)The dollar amount reported represents the grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns of our SCT
for the year.
(b)The equity award adjustments are calculated in accordance with SEC rules and the valuation assumptions used to calculate fair values did not materially
differ from those disclosed at the time of grant. The amounts deducted or added in calculating the 2025 equity award adjustments are as follows:
| Year | Plus Year End Fair Valueof Outstanding andUnvested Equity AwardsGranted in the Year($) | Plus or Less Year overYear Change in Fair Valueof Outstanding andUnvested Equity AwardsGranted in Prior Years($) | Plus or Less Change inFair Value from Prior YearEnd through the Vesting Datefor Equity Awards Grantedin Prior Years that Vestedin the Year($) | Plus Value of Dividends onStock not OtherwiseReflected in Fair Value orTotal Compensation ($) | Total EquityAwardAdjustments($) |
|---|---|---|---|---|---|
| 2025 | 8,359,022 | (6,992,064) | 621,447 | 480,245 | 2,468,650 |
(3)The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our PEO) in the “Total Compensation”
column of our SCT in each applicable year. The names of each of the NEOs (excluding our PEO) included for purposes of calculating the average amounts in
each applicable year are as follows: (i) for 2025, Mr. Zaramella, Mr. Kuhn, Mr. Valle, and Mr. Renaud; (ii) for 2024, Mr. Zaramella, Mr. Gruber, Mr. Valle, and
Ms. Lilak; (iii) for 2023, Mr. Zaramella, Mr. Gruber, Mr. Brusadelli, Ms. Stein, and Mr. Valle; (iv) for 2022, Mr. Zaramella, Mr. Gruber, Mr. Brusadelli, and
Mr. Valle; and (v) for 2021, Mr. Zaramella, Mr. Gruber, Mr. Brusadelli, and Ms. Stein.
(4)The dollar amounts reported represent the average amount of CAP to the NEOs as a group (excluding our PEO), as computed in accordance with SEC rules.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our PEO) during the
applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding
our PEO) for each year to determine the CAP, using the same methodology described above in Note 2. This adjustment also includes adjustments to the
pension values, as computed in accordance with SEC rules, shown below.
100 | 2026 PROXY STATEMENT
PAY VERSUS PERFORMANCE
| Year | Average Reported Summary Compensation Table Total for Non‑PEO NEOs($) | Less AverageReported Value ofEquity Awards($) | Plus AverageEquity AwardAdjustments(a)($) | Less Average Reported Change in the Actuarial Present Value of Pension Benefits(b)($) | Plus Average Pension Benefit Adjustments(c)($) | Average Compensation Actually Paid to Non-PEO NEOs($) |
|---|---|---|---|---|---|---|
| 2025 | 7,220,779 | 4,852,271 | 1,213,338 | 276,127 | — | 3,305,719 |
(a)The amounts deducted or added in calculating the total average equity award adjustments are as follows:
| Year | Plus Average Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year($) | Plus or Less Average Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years($) | Plus or Less Average Change in Fair Value from Prior Year End through the Vesting Date for Equity Awards Granted in Prior Years that Vested in the Year($) | Plus Average Value ofDividends on Stock Awards not Otherwise Reflected in Fair Value or Total Compensation($) | Total AverageEquity AwardAdjustments($) |
|---|---|---|---|---|---|
| 2025 | 2,173,156 | (1,166,057) | 101,886 | 104,353 | 1,213,338 |
(b)Represents the average of the amount reported in our SCT in the “Change in Pension Value” column for the year.
(c)Represents the aggregate of two components: (i) the actuarial determined service cost under the Pension Fund Mondelēz Switzerland for services
rendered during the year; and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit
formula to services rendered in periods prior to the plan amendment or initiation, in each case, calculated in accordance with U.S. GAAP, on an
average basis.
(5)Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment,
and the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the
measurement period.
(6)Represents the weighted peer group TSR, weighted according to the respective company’s stock market capitalization at the beginning of each period for
which a return is indicated. The peer group used for this purpose is our Performance Peer Group as reported in the 2025 Form 10-K, which included
Campbell Soup Company, The Coca-Cola Company, Colgate-Palmolive Company, Danone S.A., General Mills, Inc., The Hershey Company, The Kraft Heinz
Company, Nestlé S.A., PepsiCo, Inc., The Procter & Gamble Company, and Unilever PLC.
(7)Dollar values stated in millions. The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the
applicable year.
(8)The percentages reported represent the amount ofadjusted gross profit growth for the applicable year. A more detailed discussion, including definitions of
such financial measures appears in Annex A.
2026 PROXY STATEMENT | 101
PAY VERSUS PERFORMANCEFinancial Performance Measures
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