What does the $0.00 price per share mean in Jerri Devard’s Dow (DOW) grant?

The $0.00 price per share indicates Devard did not pay cash to acquire the 5,127 units. The award is stock-based compensation from Dow, rather than a cash-funded purchase, and the units will convert into shares upon settlement terms described in the filing.

Dow (DOW) director Jerri Devard receives 5,127 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DEVARD JERRI reported acquisition or exercise transactions in this Form 4 filing.

Dow Inc. director Jerri Devard received a grant of 5,127 shares of common stock in the form of time-vested restricted stock units. The award was at no cash cost per share and is scheduled to be settled in one installment of Dow common stock after Devard’s separation from the company. Following this grant, Devard’s directly held and previously reported restricted stock units total 21,850 units, reflecting a routine, compensation-related equity award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DEVARD JERRI

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,127	$0.00	--

Holdings After Transaction: Common Stock — 21,850 shares (Direct)

Footnotes (1)

Time vested restricted stock units to be settled in one installment of shares of common stock of the Issuer following the date of separation of the Reporting Person. Total includes previously reported restricted stock units.

Key Figures

RSU grant size: 5,127 shares Grant price: $0.00 per share Total units after grant: 21,850 units

3 metrics

RSU grant size 5,127 shares Time-vested restricted stock units granted on 2026-04-09

Grant price $0.00 per share Equity award, no cash paid by reporting person

Total units after grant 21,850 units Direct holdings including previously reported restricted stock units

Key Terms

restricted stock units, time vested, Form 4

3 terms

restricted stock units financial

"Time vested restricted stock units to be settled in one installment"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time vested financial

"Time vested restricted stock units to be settled in one installment"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/13/2026 - 05:03 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEVARD JERRI

(Last)

(First)

(Middle)

2211 H.H. DOW WAY

(Street)

MIDLAND

MICHIGAN

48674

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DOW INC. [ DOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/09/2026		A		5,127⁽¹⁾	A	$0	21,850⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Time vested restricted stock units to be settled in one installment of shares of common stock of the Issuer following the date of separation of the Reporting Person.

2. Total includes previously reported restricted stock units.

Remarks:

	/s/ Jerri DeVard	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Dow (DOW) director Jerri Devard report?

Jerri Devard reported receiving 5,127 shares of Dow common stock as a grant of time-vested restricted stock units. This equity award is compensation-related rather than an open-market stock purchase, and it increases her total reported restricted stock units to 21,850.

Was Jerri Devard’s Dow (DOW) stock grant an open-market purchase?

No, the transaction was a grant of restricted stock units at a price of $0.00 per share. It reflects stock-based compensation awarded by Dow, not a discretionary open-market share purchase by Devard on a stock exchange.

How many Dow (DOW) shares does Jerri Devard hold after this Form 4?

After the reported grant, Jerri Devard holds 21,850 Dow common stock units directly, including previously reported restricted stock units. This total comes from combining the new 5,127-unit grant with her earlier outstanding restricted stock unit awards.

How will Jerri Devard’s restricted stock units in Dow (DOW) be settled?

The time-vested restricted stock units are scheduled to be settled in one installment of Dow common stock. Settlement will occur following the date of Devard’s separation from the company, according to the footnote explaining the structure of the award.

Does the Dow (DOW) Form 4 mention previously granted restricted stock units?

Yes, a footnote states that the reported total includes previously reported restricted stock units. This means the 21,850 figure represents the combined amount of the new 5,127-unit grant plus earlier time-vested restricted stock unit awards.