Kimberly-Clark (NYSE: KMB) VP awarded 3,234 RSUs, 999 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
862 shares exercised/converted
Mixed
5 txns
Insider
Scribner Andrew
Role
Controller, VP & FP&A
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 4/26/2023 (w/dividends reinvested) | 862 | $0.00 | -- |
| Grant/Award | Common Stock | 3,234 | $0.00 | -- |
| Exercise | Common Stock | 862 | $0.00 | -- |
| Tax Withholding | Common Stock | 211 | $97.85 | $21K |
| Tax Withholding | Common Stock | 788 | $97.85 | $77K |
Holdings After Transaction:
Restricted Share Units 4/26/2023 (w/dividends reinvested) — 0 shares (Direct, null);
Common Stock — 3,234 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
RSUs vested into shares: 862 shares
Shares surrendered for taxes: 999 shares
New RSU grant: 3,234 units
+2 more
5 metrics
RSUs vested into shares
862 shares
Restricted and performance-based units paid out in common stock
Shares surrendered for taxes
999 shares
Automatic surrender to issuer for tax withholding on vesting
New RSU grant
3,234 units
Restricted share units payable 1-for-1 in common stock
RSU payout ratio
1-for-1
Each restricted share unit payable in one common share
RSU vesting schedule
30% / 30% / 40%
First, second, and third anniversaries of grant date
Key Terms
performance-based restricted share units, restricted share units, Equity Participation Plan, dividends reinvested, +1 more
5 terms
Equity Participation Plan financial
"granted under the Kimberly-Clark Corporation Equity Participation Plan"
dividends reinvested financial
"includes restricted share units which were accrued based on dividends paid"
tax withholding obligations financial
"automatic surrender of shares to the issuer ... to satisfy the reporting person's tax withholding obligations"
FAQ
What did Kimberly-Clark (KMB) executive Andrew Scribner report in this Form 4?
Andrew Scribner reported routine equity compensation activity. Restricted share units vested into common stock, some shares were surrendered to cover taxes, and he received a new grant of restricted share units under Kimberly-Clark’s equity plan.
What new equity award did Andrew Scribner receive from Kimberly-Clark (KMB)?
He received a grant of 3,234 restricted share units, payable on a 1-for-1 basis in Kimberly-Clark common stock. These units vest over three years, with 30% vesting on each of the first two anniversaries and 40% on the third anniversary.
Are the Kimberly-Clark (KMB) Form 4 transactions open-market buys or sells?
No open-market buys or sells are reported. The transactions reflect vesting of restricted share units, an automatic exercise into shares, and automatic share surrenders to cover tax liabilities, which are routine compensation and withholding mechanisms rather than discretionary trades.