Kimberly-Clark VP gets RSUs, surrenders shares for tax
Kimberly-Clark executive Andrew Scribner reported routine equity compensation activity.
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Rhea-AI Filing Summary
Kimberly-Clark executive Andrew Scribner reported routine equity compensation activity. Performance-based and other restricted share units vested into 862 shares of common stock, while 999 shares were automatically surrendered back to the company to cover tax withholding obligations, not sold on the open market. Scribner also received a new grant of 3,234 restricted share units, payable on a 1-for-1 basis in common stock and subject to multi-year vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 4/26/2023 (w/dividends reinvested) | 862 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,234 | $0.00 | $0.00 |
| Exercise | Common Stock | 862 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 211 | $97.85 | $21K |
| Exercise Price or Tax Liability | Common Stock | 788 | $97.85 | $77K |
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
dividends reinvested financial
tax withholding obligations financial
FAQ
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What did Kimberly-Clark (KMB) executive Andrew Scribner report in this Form 4?
What new equity award did Andrew Scribner receive from Kimberly-Clark (KMB)?
Are the Kimberly-Clark (KMB) Form 4 transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.