Kimberly-Clark officer exercises RSUs, withholds shares for tax
Kimberly-Clark executive Jeffrey P. Melucci, Chief Business, Strategy & Administration Officer, reported routine equity compensation activity in company stock.
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Rhea-AI Filing Summary
Kimberly-Clark executive Jeffrey P. Melucci, Chief Business, Strategy & Administration Officer, reported routine equity compensation activity in company stock. He exercised restricted share units to acquire 6,050 shares of common stock and had 2,382 shares automatically surrendered to the issuer at $97.67 per share to cover tax withholding. He also received a grant of 13,924 restricted share units, payable on a 1-for-1 basis in common stock under the company’s equity plan, which vest over three years with 30% on each of the first two anniversaries and 40% on the third.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 5/01/2024 (w/Dividends reinvested) | 3,004 | $0.00 | $0.00 |
| Exercise | Restricted Share Units 5/01/2025 (w/dividends reinvested) | 3,046 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units 5/1/2026 (w/dividends reinvested) | 13,924 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,046 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,004 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,183 | $97.67 | $116K |
| Exercise Price or Tax Liability | Common Stock | 1,199 | $97.67 | $117K |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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
vest financial
1-for-1 basis financial
FAQ
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What insider transactions did Kimberly-Clark (KMB) report for Jeffrey P. Melucci?
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