Kimberly-Clark (NYSE: KMB) VP receives RSU grant and exercises prior awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kimberly-Clark Corporation officer Andrew Scribner, Controller and VP & FP&A, reported routine equity compensation activity. He received a grant of 2,816 restricted share units that pay out in Kimberly-Clark common stock on a 1-for-1 basis, with additional units accruing from dividends.
On the same date, previously granted restricted share units from 2024 and 2025 vested and were converted into 1,320 shares of common stock. Of these, 322 shares were automatically surrendered back to the company at $97.67 per share to satisfy tax withholding obligations, rather than being sold on the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,320 shares exercised/converted
Mixed
7 txns
Insider
Scribner Andrew
Role
Controller, VP & FP&A
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units 5/01/2024 (w/Dividends reinvested) | 655 | $0.00 | -- |
| Exercise | Restricted Share Units 5/01/2025 (w/dividends reinvested) | 665 | $0.00 | -- |
| Grant/Award | Restricted Share Units 5/1/2026 (w/dividends reinvested) | 2,816 | $0.00 | -- |
| Exercise | Common Stock | 665 | $0.00 | -- |
| Exercise | Common Stock | 655 | $0.00 | -- |
| Tax Withholding | Common Stock | 160 | $97.67 | $16K |
| Tax Withholding | Common Stock | 162 | $97.67 | $16K |
Holdings After Transaction:
Restricted Share Units 5/01/2024 (w/Dividends reinvested) — 874 shares (Direct, null);
Restricted Share Units 5/01/2025 (w/dividends reinvested) — 1,552 shares (Direct, null);
Restricted Share Units 5/1/2026 (w/dividends reinvested) — 2,816 shares (Direct, null);
Common Stock — 3,762 shares (Direct, null)
Footnotes (1)
- 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. 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
New RSU grant: 2,816 units
RSUs converted: 1,320 shares
Shares surrendered for taxes: 322 shares
+1 more
4 metrics
New RSU grant
2,816 units
Restricted share units granted, payable 1-for-1 in common stock
RSUs converted
1,320 shares
Restricted share units from 2024 and 2025 vested into common stock
Shares surrendered for taxes
322 shares
Automatic surrender to issuer to satisfy tax withholding obligations
Tax withholding price
$97.67 per share
Value used for automatic tax-withholding share surrender
Key Terms
restricted share units, Equity Participation Plan, tax withholding obligations
3 terms
Equity Participation Plan financial
"granted under the Kimberly-Clark Corporation Equity Participation Plan."
tax withholding obligations financial
"automatic surrender of shares to the issuer upon vesting ... to satisfy the reporting person's tax withholding obligations."
FAQ
What did Kimberly-Clark (KMB) officer Andrew Scribner report in this Form 4?
Andrew Scribner reported routine equity compensation activity, not open-market trades. Previously granted restricted share units vested and converted into common stock, and a new 2,816-unit RSU award was granted, all as part of Kimberly-Clark’s equity participation plan for executives.
Are these Kimberly-Clark (KMB) Form 4 transactions open-market buys or sells?
No, the transactions are not open-market buys or sells. They reflect vesting and conversion of restricted share units plus associated tax-withholding dispositions, all conducted automatically under company equity award terms rather than discretionary trading in the open market.