Whirlpool (WHR) awards 7,255 restricted stock units to executive Puente
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whirlpool executive Juan Carlos Puente received an equity award of 7,255 restricted stock units (RSUs). These RSUs were granted at no cash cost to him and represent a form of stock-based compensation tied to Whirlpool common shares.
The award is structured to vest in three substantially equal installments, converting one-for-one into Whirlpool common stock on March 1, 2027, March 1, 2028, and March 1, 2029. This means the full benefit is spread over three years, encouraging longer-term alignment with the company’s performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Puente Juan Carlos
Role
EP, WHR NA & GL Strat Source
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,255 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 7,255 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Whirlpool (WHR) report for Juan Carlos Puente?
Whirlpool reported that executive Juan Carlos Puente received a grant of 7,255 restricted stock units. These RSUs are a stock-based compensation award, giving him rights to Whirlpool common shares as they vest over time, rather than representing an open-market stock purchase or sale.
How many restricted stock units did Juan Carlos Puente receive from Whirlpool (WHR)?
Juan Carlos Puente received 7,255 restricted stock units from Whirlpool. Each RSU represents the right to receive one share of Whirlpool common stock as it vests, providing equity-based compensation that ties part of his pay directly to the company’s future share performance.
When do Juan Carlos Puente’s Whirlpool (WHR) RSUs vest?
The RSUs vest in three substantially equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. On each vesting date, one-third of the granted units will convert into Whirlpool common stock on a one-for-one basis, subject to the award terms.
What does the Form 4 transaction code 'A' mean for Whirlpool (WHR)?
The Form 4 transaction code “A” indicates a grant, award, or other acquisition of derivative or equity securities. In this case, Whirlpool granted 7,255 restricted stock units to executive Juan Carlos Puente as part of his compensation package rather than recording a market trade.