WK Kellogg (KLG) Insider Report: 810.79 DEUs Credited to CCO

Rhea-AI Filing Summary

Bruce Alan Brown, Chief Customer Officer of WK Kellogg Co (KLG), reported on Form 4 that on 09/12/2025 he was credited with 810.79 dividend equivalent units (DEUs) tied to previously granted restricted stock units. Each DEU represents the contingent right to one share and will vest on the same terms as the related RSUs. The report shows 7,774.14 shares beneficially owned following the transaction and lists a reported price of $0 for the DEUs. The filing was signed by an attorney-in-fact on 09/16/2025.

Positive

• DEUs credited increase insider alignment with shareholders by expanding the reporting person’s contingent stake by 810.79 units
• Transaction is compensation-related (DEUs tied to RSUs) and involves no cash outlay, indicating standard incentive plan mechanics
• Filing provides clear vesting linkage—DEUs vest on same terms as related RSUs, supporting transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive compensation accrual increases insider stake modestly; no cash purchase or disposition reported.

The Form 4 documents DEUs credited on 09/12/2025 totaling 810.79, which are contingent rights to shares tied to existing RSUs and carry no immediate cash consideration (price $0). This increases the reporting person’s beneficial ownership to 7,774.14 shares. The transaction appears compensation-related rather than a market trade, so it’s unlikely to signal a change in insider view on near-term operational prospects.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard equity compensation reporting; vesting follows original RSU terms.

The filing clearly states these are dividend equivalent units that vest with corresponding RSUs, which is consistent with common long-term incentive plan features. The report is timely and includes an attorney-in-fact signature, indicating proper procedural handling. There are no indications of accelerated vesting, transfers, or sales that would raise governance concerns.

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

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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^*

Brown Bruce Alan

(Last) (First) (Middle)

ONE KELLOGG SQUARE

(Street)

BATTLE CREEK MI 49017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WK Kellogg Co [ KLG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(1)	09/12/2025		A		810.79		(1)	(1)	Common Stock	810.79	$0	7,774.14	D

Explanation of Responses:

1. Represents dividend equivalent units (DEUs) accrued on restricted stock units (RSUs) previously granted to the Reporting Person under the WK Kellogg Co 2023 Long-Term Incentive Plan. The DEUs will vest on the same terms and conditions as the corresponding RSUs to which they relate. Each DEU represents the contingent right to receive one share of the Issuer's common stock.

Remarks:

	/s/ Gordon Paulson, Attorney-in-Fact	09/16/2025
	** 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.

FAQ

What did WK Kellogg Co (KLG) insider Bruce Alan Brown report on Form 4?

The Form 4 reports 810.79 dividend equivalent units (DEUs) credited on 09/12/2025, increasing his beneficial ownership to 7,774.14 shares.

Are the DEUs reported on KLG Form 4 immediately tradable shares?

No. The DEUs represent contingent rights to shares and will vest on the same terms as the corresponding RSUs; they are not immediately tradable common stock.

Was there any cash paid for the DEUs in the KLG Form 4 filing?

The filing shows a reported price of $0, indicating no cash purchase was made for these DEUs.

When was the Form 4 for Bruce Alan Brown signed and by whom?

The Form 4 was signed by an attorney-in-fact, Gordon Paulson, on 09/16/2025.

How many shares does Bruce Alan Brown beneficially own after the transaction?

The filing reports 7,774.14 shares beneficially owned following the reported transaction.