Form 4: Edgewell Personal Care CFO Reports Stock Transactions Following Vesting of Restricted and Performance Stock Units

Edgewell Personal Care's Chief Financial Officer, Daniel Sullivan, reported multiple transactions involving the vesting and subsequent tax withholding of restricted and performance stock units, resulting in changes to his beneficial ownership of company stock.

Summary

• Daniel Sullivan, the Chief Financial Officer of Edgewell Personal Care, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The transactions primarily involve the vesting of restricted stock equivalents and performance stock equivalents, which converted into common stock.
• A portion of the vested shares were withheld to cover tax liabilities.
• On November 10, 2024, 4,092 restricted stock equivalents vested, and 1,897 shares were withheld for taxes.
• Also on November 10, 2024, 13,834 performance stock equivalents vested, with 6,413 shares withheld for taxes.
• On November 11, 2024, 3,522 restricted stock equivalents vested, and 1,633 shares were withheld for taxes.
• The vesting of performance stock equivalents was based on performance criteria, with only 13,834 of the original 27,721 shares vesting.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment, but is a normal part of business operations.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in company stock. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• The vesting of restricted and performance stock units is a common practice for executive compensation across various industries, including consumer goods.
• Tax withholding on vesting is also a standard procedure to cover the tax liabilities associated with the compensation.
• Companies like Procter & Gamble (PG) and Unilever (UL) also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
• The tax withholding reduces the number of shares received by the executive, which is a normal part of the process.

Key Dates

Keywords

Form 4, Edgewell Personal Care, Daniel Sullivan, stock transactions, restricted stock, performance stock, vesting, tax withholding, beneficial ownership