Form 4: Kellanova Director Gund Reports Changes in Beneficial Ownership

Director Zachary Gund reports changes in beneficial ownership of Kellanova shares, including transactions involving trusts, a limited liability company, and family partnerships.

Summary

• On May 14, 2024, Zachary Gund, a director of Kellanova, reported changes in his beneficial ownership of the company's stock.
• The reported transactions involve common stock and phantom stock units.
• Gund directly owns 28,772.458 shares of common stock.
• He also has indirect ownership through a trust (3,657 shares), a limited liability company (9,200 shares), and family partnerships (1,619,000 shares).
• Gund disclaims beneficial ownership of shares held in the trust, LLC, and family partnerships except to the extent of his pecuniary interest.
• He acquired 723.94 phantom stock units on May 14, 2024, at a price of $56.98.
• He also disposed of 20,178.534 phantom stock units.
• The final value of phantom stock units will be determined upon Gund's retirement and paid in stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The final value of phantom stock units is to be determined as of the date of the reporting person's retirement and paid in stock.

Management Comments

• The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• Shareholders are informed about the transactions of a company director.

Key Dates