Kimberly-Clark CFO reports equity awards, vesting
Kimberly-Clark’s Chief Financial Officer Nelson Urdaneta reported equity award and vesting activity with no open-market trading.
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Rhea-AI Filing Summary
Kimberly-Clark’s Chief Financial Officer Nelson Urdaneta reported equity award and vesting activity with no open-market trading. He received 19,053 restricted share units that are payable in shares of common stock and vest over three years. Separately, 3,387 restricted share units vested and were paid out in common stock.
To cover tax withholding obligations upon these vestings, a total of 8,831 shares of common stock were automatically surrendered back to the company at a reference price of $97.85 per share. After these compensation-related transactions, Urdaneta holds 46,654 shares of Kimberly-Clark common stock directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 4/26/2023 (w/dividends reinvested) | 3,387 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 19,053 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,387 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,333 | $97.85 | $130K |
| Exercise Price or Tax Liability | Common Stock | 7,498 | $97.85 | $734K |
Footnotes (6)
- F1. Represents performance-based restricted share units that have vested and are paid out in shares of common stock and includes restricted share units which were accrued based on dividends paid on the Corporation's common stock.
- F2. Represents restricted share units that have vested and are paid out in shares of common stock. Includes restricted share units which were accrued based on dividends paid on the Corporation's common stock.
- F3. Restricted share units payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation Equity Participation Plan. Additional restricted share units are accrued based on dividends paid on the Corporation's common stock.
- F4. This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units to satisfy the reporting person's tax withholding obligations.
- F5. This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted share units to satisfy the reporting person's tax withholding obligations.
- F6. The restricted share units vest 30 percent on each of the first and second anniversaries of the grant date and the remaining 40 percent on the third anniversary of the grant date.
Key Figures
Key Terms
Equity Participation Plan financial
tax withholding obligations financial
dividends reinvested financial
FAQ
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