WD-40 insider receives 972 RSUs and 821 MSUs, ownership 4,809
Rhea-AI Filing Summary
Reporting person: Phenix Q. Kiamilev, VP, GC & Chief Compliance Officer of WD-40 Company (WDFC), reported equity changes on 10/09/2025.
The filing shows a grant of 972 restricted stock units (RSUs) that vest annually over three years and the certification-based vesting of 821 market share units (MSUs) granted on 10/10/2022, which will settle in common stock when the MSU agreement's settlement date occurs. Following these transactions the reporting person beneficially owns 4,809 shares indirectly through The Kiamilev Family Trust and holds 1,659 unvested RSUs plus 213 shares in a WD-40 401(k) account (including quarterly stock dividends).
Positive
- None.
Negative
- None.
Insights
Insider awarded equity tied to service and performance; holdings are largely indirect via family trust.
The report documents a 972-unit RSU grant that vests over three years and 821 MSUs that vest on a three-year performance cliff and will settle in common stock. These awards align compensation with multi-year retention and performance objectives, increasing potential future dilution only if awards vest and settle.
Key dependencies include actual performance certification for the MSUs and the RSU vesting schedule; the trustee arrangement under The Kiamilev Family Trust shares voting and investment discretion with the spouse. Watch for MSU settlement timing and future Form 4s around the MSU settlement date in the next performance cycle.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 972 | $0.00 | -- |
| Grant/Award | Common Stock | 821 | $0.00 | -- |
Footnotes (1)
- Represents a grant of restricted stock units (RSUs) under the WD-40 Company 2016 Stock Incentive Plan, as amended and restated effective December 12, 2023. Except as otherwise provided in the RSU award agreement, the RSUs vest annually over 3 years. Under The Kiamilev Family Trust established on October 5, 2012, Reporting Person shares voting power and investment discretion with her spouse. Represents the vesting of market share units (MSUs) upon certification of market performance achieved. The 3-year performance cliff vesting MSUs were granted on October 10, 2022 under the WD-40 Company 2016 Stock Incentive Plan and will be settled with Issuer's Common Stock on the date provided for in the MSU award agreement. As of the filing date, the amount reported includes: (i) 1,659 unvested RSUs (which include the grant of RSUs reported in this Form 4), (ii) 821 shares of Common Stock to be issued upon settlement of MSUs, and (iii) 213 shares held in Reporting Person's WD-40 Company Profit Sharing / 401(k) Plan account. The current balance in the 401(k) account includes quarterly stock dividends received since the last Form 4 filing.