Grainger (NYSE: GWW) director receives new deferred stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Davis George S reported acquisition or exercise transactions in this Form 4 filing.
W.W. Grainger director George S. Davis reported receiving deferred stock units as compensation, not through open-market trades. On the reported date, he was granted 142 deferred stock units tied to common stock at a reference price of $1,160.14 per share, bringing that award line to 1,257 units.
He also received a separate grant of 176 deferred stock units in lieu of cash compensation for board service, with that award line totaling 1,115 units afterward. These deferred stock units are expected to settle in an equal number of common shares on a one-for-one basis after his service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Davis George S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 176 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 142 | $1,160.14 | $165K |
Holdings After Transaction:
Deferred Stock Units — 1,115 shares (Direct, null)
Footnotes (1)
- 1-for-1 The deferred stock units are expected to settle in shares of common stock on a one-for-one basis following end of service as a director. The reporting person received deferred stock units in lieu of cash compensation for service on the board of directors.
Key Figures
Deferred stock unit grant: 142 units
Deferred stock units after 142-unit grant: 1,257 units
Additional deferred stock unit grant: 176 units
+3 more
6 metrics
Deferred stock unit grant
142 units
Award tied to common stock at $1,160.14 reference price
Deferred stock units after 142-unit grant
1,257 units
Total for that award line following the transaction
Additional deferred stock unit grant
176 units
Award received in lieu of cash compensation for board service
Deferred stock units after 176-unit grant
1,115 units
Total for that award line following the transaction
Conversion price of deferred stock units
$0.00
Units expected to settle one-for-one into common stock
Reference price for 142-unit grant
$1,160.14 per share
Price used for calculating deferred stock unit grant value
Key Terms
Deferred Stock Units, one-for-one basis, in lieu of cash compensation, underlying security, +1 more
5 terms
Deferred Stock Units financial
"The deferred stock units are expected to settle in shares of common stock on a one-for-one basis"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
one-for-one basis financial
"expected to settle in shares of common stock on a one-for-one basis"
in lieu of cash compensation financial
"The reporting person received deferred stock units in lieu of cash compensation for service on the board of directors"
underlying security financial
"underlying_security_title: Common Stock with underlying_security_shares for each unit grant"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did W.W. Grainger (GWW) disclose for George S. Davis?
W.W. Grainger disclosed that director George S. Davis received grants of deferred stock units as board compensation. He acquired 142 units at a reference price of $1,160.14 and 176 additional units in lieu of cash fees, all settling in common stock after his board service ends.
Were the W.W. Grainger (GWW) Form 4 transactions open-market buys or sells?
The Form 4 for W.W. Grainger shows no open-market buys or sells. Director George S. Davis reported two acquisition transactions coded as awards of deferred stock units, reflecting non-cash compensation rather than discretionary trading in the company’s common stock.
How many deferred stock units does George S. Davis hold after the latest W.W. Grainger (GWW) grants?
After the reported grants, one deferred stock unit award line for George S. Davis totals 1,257 units and another totals 1,115 units. Each unit represents a right to receive one share of W.W. Grainger common stock following the end of his board service.
What is the settlement feature of W.W. Grainger (GWW) deferred stock units granted to directors?
The deferred stock units granted to W.W. Grainger director George S. Davis are expected to settle in common stock on a one-for-one basis. Settlement is scheduled to occur following the end of his service as a director, aligning the awards with long-term board tenure.
Why did George S. Davis receive deferred stock units from W.W. Grainger (GWW)?
George S. Davis received deferred stock units from W.W. Grainger as compensation for serving on the board. One footnote states he elected or accepted deferred stock units instead of cash fees, turning immediate cash compensation into equity-based, stock-settled awards tied to his board service.
What does the $1,160.14 price mean in the W.W. Grainger (GWW) Form 4 filing?
In the Form 4, $1,160.14 appears as the reference price for a 142-unit deferred stock grant. Although these units have a zero conversion price, this figure typically reflects the company’s stock value used for calculating the grant’s size as part of director compensation.