Kimberly-Clark (KMB) CFO gets 19,053 RSUs, covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,387 shares exercised/converted
Mixed
5 txns
Insider
Urdaneta Nelson
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 4/26/2023 (w/dividends reinvested) | 3,387 | $0.00 | -- |
| Grant/Award | Common Stock | 19,053 | $0.00 | -- |
| Exercise | Common Stock | 3,387 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,333 | $97.85 | $130K |
| Tax Withholding | Common Stock | 7,498 | $97.85 | $734K |
Holdings After Transaction:
Restricted Share Units 4/26/2023 (w/dividends reinvested) — 0 shares (Direct, null);
Common Stock — 46,654 shares (Direct, null)
Footnotes (1)
- 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. 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. 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. 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. 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. 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
Shares surrendered for taxes: 8,831 shares
Tax withholding price: $97.85 per share
New RSU award: 19,053 restricted share units
+3 more
6 metrics
Shares surrendered for taxes
8,831 shares
Automatic surrender to issuer for tax withholding at $97.85 per share
Tax withholding price
$97.85 per share
Reference price for 7,498 and 1,333 surrendered shares
New RSU award
19,053 restricted share units
Grant under Kimberly-Clark Equity Participation Plan
RSUs vested
3,387 units
Restricted share units converted into common stock
Post-transaction holdings
46,654 shares
Kimberly-Clark common stock held directly by CFO after transactions
Tax withholding transactions
8,831 shares
Two F-code dispositions to satisfy tax liabilities on vesting
Key Terms
performance-based restricted share units, restricted share units, Equity Participation Plan, tax withholding obligations, +1 more
5 terms
Equity Participation Plan financial
"Restricted share units payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation Equity Participation Plan"
tax withholding obligations financial
"automatic surrender of shares to the issuer upon vesting of restricted shares units to satisfy the reporting person's tax withholding obligations"
dividends reinvested financial
"includes restricted share units which were accrued based on dividends paid on the Corporation's common stock"
FAQ
What insider transactions did Kimberly-Clark (KMB) CFO Nelson Urdaneta report?
Kimberly-Clark CFO Nelson Urdaneta reported compensation-related equity activity, including vesting of restricted share units into common stock and automatic share surrenders to cover tax withholding obligations. These Form 4 entries do not reflect open-market purchases or sales of Kimberly-Clark stock.
What new equity awards did the Kimberly-Clark (KMB) CFO receive?
Nelson Urdaneta received 19,053 restricted share units under the Kimberly-Clark Equity Participation Plan. These units are payable on a one-for-one basis in common stock and vest 30% on each of the first two anniversaries of the grant and 40% on the third anniversary.