W.W. Grainger (GWW) director reports small deferred stock unit grant and family trust gifts
Rhea-AI Filing Summary
W.W. Grainger director Katherine D. Jaspon reported small, routine deferred stock unit movements. She received a grant of 3 Deferred Stock Units tied to common stock and made bona fide gifts of a total of 6 Deferred Stock Units, split between direct holdings and a family trust. After these transactions, 1,850 Deferred Stock Units are held indirectly in a family trust. Each unit is expected to settle into one share of common stock after her service as a director ends.
Positive
- None.
Negative
- None.
Insights
Small DSU grant and gifts with no open‑market trading.
Katherine D. Jaspon, a director of W.W. Grainger, reported three derivative transactions involving Deferred Stock Units. She received a grant of 3 units and made bona fide gifts totaling 6 units, affecting both direct holdings and a family trust.
The units have a stated value of $1,234.24 per unit for the 3-unit grant, but there was no purchase or sale in the market. Each unit is expected to settle into one share of common stock after her board service ends, so these are long-term equity-based awards rather than cash transactions.
The reported gifts and grant are very small in size and purely compensation- and estate-planning related, with no open-market buying or selling activity. As a result, the transactions are typically viewed as routine administrative changes rather than signals about the company’s near-term prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3 | $1,234.24 | $4K |
| Gift | Deferred Stock Units | 3 | $0.00 | -- |
| Gift | Deferred Stock Units | 3 | $0.00 | -- |
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. Shares held in a trust for which Ms. Jaspon's spouse serves as a co-trustee, and her spouse and any mutual descendants of her and her spouse are beneficiaries.