WD-40 (WDFC) EIMEA managing director discloses 4,697-share stake on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
WD-40 Company executive Christophe Paul Cloez filed an initial ownership report showing his equity stake in the company. As Managing Director, EIMEA, he reports beneficial ownership of 4,697 shares of WD-40 common stock held directly. This amount includes 1,104 unvested restricted stock units, 247 shares of restricted common stock received upon settlement of performance stock units, and 94 vested deferred performance units, which are common stock equivalents. The filing is a disclosure of existing holdings rather than a new share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CLOEZ CHRISTOPHE PAUL
Role
Managing Director, EIMEA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 4,697 shares (Direct)
Footnotes (1)
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Key Figures
Beneficial ownership: 4,697 shares
Unvested RSUs: 1,104 units
Restricted common stock: 247 shares
+1 more
4 metrics
Beneficial ownership
4,697 shares
Common stock equivalents held directly by Christophe Paul Cloez
Unvested RSUs
1,104 units
Unvested restricted stock units included in reported holdings
Restricted common stock
247 shares
Restricted common stock from settlement of performance stock units
Deferred performance units
94 units
Vested deferred performance units, common stock equivalents
Key Terms
restricted stock units, restricted Common Stock, performance stock units, deferred performance units, +1 more
5 terms
restricted stock units financial
"Amount reported includes: (i) 1,104 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.
restricted Common Stock financial
"(ii) 247 shares of restricted Common Stock received upon settlement"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
performance stock units financial
"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.
deferred performance units financial
"and (iii) 94 vested deferred performance units, which are Common Stock equivalents"
Common Stock equivalents financial
"94 vested deferred performance units, which are Common Stock equivalents"
Common stock equivalents are financial instruments that can be converted into common shares or have a similar effect on a company's stock ownership, such as stock options or convertible bonds. They matter to investors because they can increase the total number of shares outstanding, potentially diluting existing ownership and affecting the company's stock value. Recognizing these equivalents helps investors understand the true potential for future share issuance and company ownership structure.
FAQ
What does WD-40 (WDFC) executive Christophe Paul Cloez report on this Form 3?
Christophe Paul Cloez reports his initial beneficial ownership in WD-40 common stock. He holds 4,697 shares directly, including unvested restricted stock units, restricted stock from performance awards, and vested deferred performance units equivalent to common shares.
What equity awards are included in Christophe Paul Cloez’s WDFC holdings?
His holdings include 1,104 unvested restricted stock units, 247 shares of restricted common stock from settled performance stock units, and 94 vested deferred performance units. These components together form part of his 4,697 reported common stock equivalents.
Is this WD-40 (WDFC) Form 3 a buy or sell by Christophe Paul Cloez?
This Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership, disclosing the total WD-40 equity and equity-based awards that Christophe Paul Cloez holds as an officer.
How is Christophe Paul Cloez’s ownership in WD-40 (WDFC) categorized?
His 4,697 reported common stock equivalents are held as direct ownership. The position reflects his compensation-related equity awards and related share equivalents rather than recent open-market trading activity.