Form 4: Edgewell Personal Care Executive Receives Restricted Stock Equivalents

Paul Hibbert, Chief Supply Chain Officer at Edgewell Personal Care, was granted 13,275 restricted stock equivalents.

Summary

• Paul Hibbert, the Chief Supply Chain Officer of Edgewell Personal Care, received 13,275 restricted stock equivalents (RSEs) on November 8, 2024.
• These RSEs will vest and convert into shares of Edgewell common stock in three equal installments on November 8, 2025, November 8, 2026, and November 8, 2027, contingent upon Mr. Hibbert's continued employment.
• The vesting may also occur upon death, disability, change in control, or certain termination events.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock equivalents aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Risks

• The vesting of the RSEs is contingent on continued employment, which could be a risk if the executive leaves the company before the vesting dates.

Future Outlook

The RSEs will vest over the next three years, contingent on continued employment, death, disability, change in control, or certain termination events.

Industry Context

The granting of restricted stock equivalents is a common practice in executive compensation packages to align management's interests with those of shareholders and encourage long-term performance.

Comparison to Industry Standards

• Many companies in the consumer goods sector use restricted stock units or equivalents as part of their executive compensation packages.
• The vesting schedule of one-third annually over three years is a fairly standard approach to ensure retention and long-term focus.
• Companies like Procter & Gamble and Unilever also use similar equity-based compensation methods for their executives.

Stakeholder Impact

• Shareholders may view this positively as it aligns executive interests with long-term company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock equivalents, RSE, stock grant, executive compensation, Edgewell Personal Care, Paul Hibbert, vesting