WD-40 officer reports 340 shares in Form 3
WD-40 Company executive Nicholas Daniel Giordano filed an initial Form 3 disclosing his ownership in the company.
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Form Type
3
Rhea-AI Filing Summary
WD-40 Company executive Nicholas Daniel Giordano filed an initial Form 3 disclosing his ownership in the company. He directly holds 340 shares of common stock. This amount includes 192 unvested restricted stock units and 21 shares of restricted common stock received upon settlement of performance stock units, reflecting a mix of time-based and performance-based equity compensation rather than open-market trading.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GIORDANO NICHOLAS DANIEL
Role
VP, Corporate Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 340 shares (Direct)
Footnotes (1)
- F1. Amount reported includes: (i) 192 unvested restricted stock units, and (ii) 21 shares of restricted Common Stock received upon settlement of performance stock units.
Key Figures
Common stock holdings: 340 shares
Unvested RSUs: 192 units
Restricted shares from PSUs: 21 shares
3 metrics
Common stock holdings
340 shares
Total common stock beneficially owned on Form 3
Unvested RSUs
192 units
Unvested restricted stock units included in holdings
Restricted shares from PSUs
21 shares
Restricted common stock from performance stock unit settlement
Key Terms
restricted stock units, performance stock units, COMMON STOCK, Form 3
4 terms
restricted stock units financial
"Amount reported includes: (i) 192 unvested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"21 shares of restricted Common Stock received upon settlement of performance stock units."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
COMMON STOCK financial
"security_title: "COMMON STOCK""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 3 financial
"initial Form 3 disclosing his ownership in the company."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the WD-40 (WDFC) Form 3 filing by Nicholas Giordano show?
The Form 3 filing shows that executive Nicholas Daniel Giordano beneficially owns 340 WD-40 common shares. This total includes 192 unvested restricted stock units and 21 restricted shares from performance stock units, indicating primarily equity-based compensation holdings.
What types of equity awards are included in Giordano’s WD-40 (WDFC) Form 3 holdings?
Giordano’s holdings include 192 unvested restricted stock units and 21 shares of restricted common stock. The restricted common stock was received upon settlement of performance stock units, highlighting a compensation package with both time-based and performance-based equity components.
What is Nicholas Giordano’s role at WD-40 (WDFC) mentioned in the Form 3?
Nicholas Daniel Giordano is identified as WD-40’s Vice President, Corporate Controller & Chief Accounting Officer. The Form 3 establishes his initial beneficial ownership position as an officer, documenting 340 common shares held directly, including equity awards.
Does the WD-40 (WDFC) Form 3 indicate recent insider buying or selling by Giordano?
The Form 3 functions as an initial ownership report and does not show explicit buy or sell transactions. It records that Giordano directly holds 340 common shares, largely through restricted stock units and restricted stock from performance awards, rather than recent market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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