Form 4: Kimberly-Clark CFO Nelson Urdaneta Reports Share Transactions
SEC Form 4 Filing
Nelson Urdaneta, CFO of Kimberly-Clark, reports the vesting and payout of restricted share units, along with associated tax withholding transactions.
Summary
- Nelson Urdaneta, the Chief Financial Officer of Kimberly-Clark Corp, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On April 26, 2024, restricted share units vested and were paid out in shares of common stock.
- Specifically, 4,830 restricted share units from a 2022 grant and 2,341 restricted share units from a 2023 grant vested and were converted to common stock.
- The CFO acquired 4,830 and 2,341 shares of common stock, respectively, as a result of the vesting of these restricted share units.
- The filing also indicates the surrender of 922 and 1,901 shares to cover tax withholding obligations at a price of $135.24 per share.
- Following these transactions, Urdaneta directly owns 8,169 shares of Kimberly-Clark common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't 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. This filing indicates standard compensation practices involving restricted share units.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/26/2022 | Grant date of restricted share units that vest in 1/2 increments on each of the first and second anniversaries of the grant date. |
| 04/26/2023 | Grant date of restricted share units that vest 30 percent on each of the first and second anniversaries of the grant date and the remaining 40 percent on the third anniversary of the grant date. |
| 04/26/2024 | Date of transaction: vesting and payout of restricted share units, and surrender of shares for tax withholding. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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