Form 4: Kimberly-Clark CEO Michael Hsu Reports Share Transactions
SEC Form 4 Filing
Kimberly-Clark's Chairman and CEO, Michael D. Hsu, reports the vesting and payout of restricted share units, along with associated tax withholding transactions.
Summary
- Michael D. Hsu, Chairman and CEO of Kimberly-Clark, reported transactions involving the company's common stock on April 26, 2024.
- 9,368 restricted share units vested and were paid out in shares of common stock.
- 3,687 shares were surrendered to the issuer to satisfy tax withholding obligations related to the vesting of restricted share units at a price of $135.24 per share.
- Following these transactions, Hsu directly owns 179,059 shares of common stock and indirectly owns 21,991 shares through a trust.
- He also directly owns 21,860 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Kimberly-Clark.
- The tax withholding benefits the government.
Key Dates
| Date | Description |
|---|---|
| 4/26/2023 | Date of restricted share units grant (with dividends reinvested) |
| 04/26/2024 | Date of transaction: vesting of restricted share units and tax withholding. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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