Mondelez International, Inc.
For the period ended May 20, 2026. Filed Apr 3, 2026.
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May 20, 2026 · Filed Apr 3, 2026
Contents
Summary Compensation Table
2025 SUMMARY COMPENSATION TABLE
| Name and PrincipalPosition | Year | Salary(1)($) | Bonus(2)($) | StockAwards(3)($) | OptionAwards(4)($) | Non-EquityIncentive Plan Compensation AnnualIncentiveAwards(5)($) | Change inPension Value(6)($) | All OtherCompensation(7)($) | TotalCompensation($) |
|---|---|---|---|---|---|---|---|---|---|
| Van de Put, DirkChair & CEO | 2025 | 1,624,615 | — | 14,530,359 | 4,401,555 | 3,234,000 | — | 725,585 | 24,516,114 |
| 2024 | 1,550,000 | — | 12,931,115 | 4,382,062 | 2,480,000 | — | 961,546 | 22,304,723 | |
| 2023 | 1,550,000 | — | 10,625,963 | 3,501,056 | 4,417,500 | — | 923,656 | 21,018,175 | |
| Zaramella, LucaEVP, COO & CFO | 2025 | 1,174,690 | — | 5,166,582 | 1,564,983 | 1,528,927 | — | 227,589 | 9,662,771 |
| 2024 | 1,062,500 | — | 4,349,148 | 1,473,811 | 1,100,000 | — | 502,436 | 8,487,895 | |
| 2023 | 932,500 | — | 3,935,694 | 1,296,743 | 1,567,500 | — | 242,445 | 7,974,882 | |
| Kuhn, Volker(1)EVP & President, Europe | 2025 | 1,045,913 | 265,342 | 4,114,098 | 1,141,121 | 1,091,648 | 1,104,506 | 20,466 | 8,783,094 |
| Valle, GustavoEVP & President, North America | 2025 | 841,115 | — | 3,419,603 | 1,035,786 | 357,000 | — | 129,579 | 5,783,083 |
| 2024 | 798,750 | — | 2,309,289 | 782,533 | 285,250 | — | 196,246 | 4,372,068 | |
| 2023 | 742,500 | — | 1,810,776 | 596,504 | 1,132,500 | — | 184,134 | 4,466,414 | |
| Renaud, MartinEVP & Chief Marketing & Sales Officer | 2025 | 774,846 | — | 2,277,187 | 689,724 | 769,300 | — | 143,110 | 4,654,167 |
(1)Mr. Kuhn is a local employee of Mondelēz Europe GmbH. Mr. Kuhn’s equity compensation (stock awards and stock options) is denominated in USD; his
non‑equity compensation was paid in non‑U.S. dollars and was converted to U.S. dollars (“USD”) using the average exchange rate for the applicable year
(the “Applicable Exchange Rate”).
(2)Reflects sign-on cash bonus paid to Mr. Kuhn to offset losses he incurred in connection with joining Mondelēz.
(3)Reflects grants of PSUs for all NEOs and, for Mr. Kuhn, also includes time-based DSUs. The amounts shown represent the full grant date fair value of
the stock grants made in each year as computed in accordance with FASB ASC Topic 718, which for PSUs are based upon the probable outcome of the
performance conditions. Assumptions used in the calculation of these amounts are included in Note 13, Stock Plans, to the consolidated financial
statements in our 2025 Form 10‑K. The grant date value of the PSUs for each NEO assuming maximum performance are as follows: Mr. Van de Put –
$27,220,638, Mr. Zaramella – $9,678,883, Mr. Kuhn – $7,057,058, Mr. Valle – $6,406,158, and Mr. Renaud – $4,265,999.
(4)Reflects stock option grants. The amounts shown represent the full grant date fair value of the options granted in each year as computed in accordance with
FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in Note 13, Stock Plans, to the consolidated financial statements in
our 2025 Form 10‑K.
(5)Reflects final earned 2025 AIP awards.
(6)Reflects the aggregate change in the actuarial present value of the benefits under the Pension Fund Mondelēz Switzerland for Mr. Kuhn. Mr. Kuhn
participates in the defined contribution portion of such plan but such plan is actuarily accounted for as a defined benefit plan. Mr. Kuhn was hired in January
2025 and first began earning benefits from Mondelēz under such plan during 2025. Mr. Kuhn transferred the benefits earned from his prior employer into the
Mondelēz plan upon employment which is required in Switzerland. The estimated pension value of the benefits transferred to Mondelēz upon his employment
was$8,133,325. The amount reported in this column represents the increase in pension value during 2025 (excluding the value of his initial transfer of
previously earned benefits), including as a result of Mondelēz’s employer contributions and Mr. Kuhn’s contributions to the plan during 2025. The other NEOs
are not eligible to participate in this plan.
86 | 2026 PROXY STATEMENT
EXECUTIVE COMPENSATION TABLES2025 Summary Compensation Table
(7)The amounts shown in the “All Other Compensation” column for 2025 reflect the following:
| D. Van de Put($) | L. Zaramella($) | V. Kuhn($) | G. Valle($) | M. Renaud($) | |
|---|---|---|---|---|---|
| Personal use of company aircraft(a) | 324,248 | — | — | — | — |
| Car allowance | 23,333 | 15,000 | 14,473 | 15,000 | 15,000 |
| Financial counseling allowance(b) | 10,000 | 7,500 | — | 5,125 | 7,500 |
| Employer contributions on defined contribution plans(c) | 363,704 | 200,568 | — | 98,430 | 115,295 |
| Tax equalization payment(d) | — | — | — | 4,381 | — |
| Tax preparation expenses(e) | 3,180 | 3,180 | — | — | 3,180 |
| Other(f) | 1,120 | 1,341 | 5,993 | 6,643 | 2,135 |
| Total All Other Compensation | 725,585 | 227,589 | 20,466 | 129,579 | 143,110 |
(a)Consistent with the findings of an independent, third-party security study, we require our CEO to use private (non-commercial) company aircraft for
both business and personal travel. Other NEOs may use company aircraft for personal travel in certain limited circumstances if approved by the CEO.
This method of travel supports business continuity and personal safety while also increasing time available for business purposes, which is necessary
since we do business in more than 150 countries. The incremental cost of personal use of the Company aircraft is based on the variable operating
costs to the Company. The incremental cost of personal use of any charter aircraft is based on the invoice to the Company. Personal use includes
any travel by members of Mr. Van de Put’s family and guests and any travel to meetings of unaffiliated companies’ board of directors on which he
serves. Mr. Van de Put is responsible for taxes in connection with personal aircraft use, and we do not reimburse for those taxes.
(b)All U.S. executive officers are eligible for an annual financial counseling allowance up to $7,500 and, in the case of Mr. Van de Put, up to $10,000.
(c)All eligible U.S. employees, including our U.S. NEOs, receive matching company contributions for contributions made to the Thrift Plan and the
Supplemental Plan, if applicable. Similarly, all eligible U.S. employees hired or localized to the United States after 2008 who are not otherwise eligible to
participate in the Mondelēz Global LLC Retirement Plan, including Mr. Van de Put, Mr. Zaramella, Mr. Valle, and Mr. Renaud, receive an additional non-
elective company contribution to the Thrift Plan and the Supplemental Plan, if applicable, equal to 4.5% of eligible compensation. Mr. Kuhn participates in
the Company’s retirement plan for Swiss employees, as described above.
(d)For Mr. Valle, tax equalization was related to business travel to Canada. Tax equalization payments are made pursuant to our expatriate, global mobility,
and tax equalization (“TEQ”) policies and are designed to avoid an undue tax burden on the employee due to business travel, relocation, or an
expatriate assignment.
(e)Mr. Van de Put, Mr. Zaramella, and Mr. Renaud received tax preparation services during 2025 from the Company-selected tax services provider.
(f)Mr. Van de Put, Mr. Zaramella, and Mr. Renaud received tax gross-ups in connection with the tax preparation services from the Company-selected tax
services provider. We provide tax preparation services and the related tax gross-up in recognition of the tax complexities imposed by the Company on
the NEOs due to their significant international business-related travel and/or prior expatriate assignments at our request. Mr. Valle received a tax gross-
up for taxable income he was required to recognize in connection with his attendance of a Company-sponsored event as the leader of his function,
together with certain of his team members. Mr. Kuhn received relocation assistance in connection with his employment with the Company.
2026 PROXY STATEMENT | 87
EXECUTIVE COMPENSATION TABLES2025 Grants of Plan‑Based Awards
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