Whirlpool (WHR) CEO Marc Bitzer receives 42,282 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whirlpool Corporation Chairman and CEO Marc R. Bitzer reported an equity compensation award in the form of 42,282 Restricted Stock Units. These units were granted at a price of $0.00 per unit, reflecting a stock-based incentive rather than an open-market purchase.
The restricted stock units will vest in three substantially equal installments and convert one-for-one into Whirlpool common shares on March 1, 2027, March 1, 2028, and March 1, 2029, aligning part of the CEO’s compensation with long-term shareholder value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bitzer Marc R
Role
CHAIRMAN AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,282 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 42,282 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Whirlpool (WHR) report for Marc R. Bitzer?
Whirlpool reported that Chairman and CEO Marc R. Bitzer received a grant of 42,282 Restricted Stock Units. This is an equity-based compensation award, not an open-market trade, and ties part of his pay to future Whirlpool share performance.
How many Restricted Stock Units did Whirlpool (WHR) grant to its CEO?
Whirlpool granted Chairman and CEO Marc R. Bitzer 42,282 Restricted Stock Units. These units represent a right to receive an equivalent number of Whirlpool common shares over time as vesting conditions are met.
When do Marc R. Bitzer’s Whirlpool (WHR) Restricted Stock Units vest?
Marc R. Bitzer’s 42,282 Restricted Stock Units vest in three substantially equal installments. They convert one-for-one into Whirlpool common stock on March 1, 2027, March 1, 2028, and March 1, 2029, subject to the award’s terms.
Is the Whirlpool (WHR) CEO’s RSU award a direct ownership position?
Yes, the Form 4 lists Marc R. Bitzer’s 42,282 Restricted Stock Units as directly owned. These derivative securities give him a future claim on Whirlpool common shares, contingent on vesting over the specified schedule.
What type of Form 4 transaction code applies to the Whirlpool (WHR) CEO grant?
The transaction is coded “A” on Form 4, indicating a grant, award, or other acquisition. It reflects the grant of 42,282 Restricted Stock Units to Whirlpool’s Chairman and CEO as part of his equity compensation.