Grainger (NYSE: GWW) director shifts deferred stock units into family trust
Rhea-AI Filing Summary
W.W. Grainger director Steven Andrew White reported movements in deferred stock units tied to his board service. He received a grant of 5 deferred stock units, which are expected to settle into an equal number of common shares on a one-for-one basis after his service as a director ends.
On the same date, 5 deferred stock units were gifted to his spouse and then transferred into a family trust, where he is trustee and primary beneficiary and holds voting and investment power over the trust’s units. After these transfers, 2,625 deferred stock units are shown as held indirectly through the family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 shares gifted
Gift
3 txns
Insider
White Steven Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 5 | $1,144.73 | $6K |
| Gift | Deferred Stock Units | 5 | $0.00 | $0.00 |
| Gift | Deferred Stock Units | 5 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct);
Deferred Stock Units — 2,625 shares (Indirect, By Family Trust)
Footnotes (3)
- F1. 1-for-1
- F2. 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.
- F3. The stock units were gifted to the reporting person's spouse and were subsequently transferred by the spouse into a family trust of which the reporting person is trustee and primary beneficiary. The reporting person has voting and investment power with respect to all stock units held by the family trust.
FAQ
What insider transactions did Steven Andrew White report at W.W. Grainger (GWW)?
Steven Andrew White reported both an acquisition and dispositions of deferred stock units. He received 5 units as a grant and gifted 5 units that were ultimately transferred into a family trust where he serves as trustee and primary beneficiary.
What are the deferred stock units reported by W.W. Grainger director Steven Andrew White?
The deferred stock units are equity-based awards linked to W.W. Grainger common stock. They are expected to settle into shares of common stock on a one-for-one basis following the end of Steven Andrew White’s service as a director of the company.
How many W.W. Grainger deferred stock units did Steven Andrew White acquire in this Form 4?
Steven Andrew White acquired 5 deferred stock units through a grant classified as a grant, award, or other acquisition. These units are expected to convert into an equal number of W.W. Grainger common shares after his board service concludes.
What gift transactions involving W.W. Grainger deferred stock units were disclosed?
Two bona fide gift transactions were disclosed, each involving 5 deferred stock units. The units were gifted to Steven Andrew White’s spouse and then transferred into a family trust, which holds the units with him as trustee and primary beneficiary with voting and investment power.
Does Steven Andrew White retain control over the W.W. Grainger deferred stock units held in the family trust?
Yes. The filing states that the family trust holds deferred stock units and that Steven Andrew White is trustee and primary beneficiary, with voting and investment power over all stock units held by the trust, indicating his ongoing control over those units.
When will the W.W. Grainger deferred stock units reported by Steven Andrew White settle into common shares?
The deferred stock units are expected to settle in W.W. Grainger common stock on a one-for-one basis following the end of Steven Andrew White’s service as a director, aligning settlement with the conclusion of his board tenure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
