Form 4: Kimberly-Clark Director Sherilyn S. McCoy Acquires Restricted Share Units

Director Sherilyn S. McCoy reports acquisition of restricted share units in Kimberly-Clark Corporation.

Summary

• On January 2, 2025, Sherilyn S. McCoy, a director of Kimberly-Clark Corporation, acquired 1,722 restricted share units.
• These units were granted under the Kimberly-Clark Corporation Outside Directors' Compensation Plan and are payable on a 1-for-1 basis with common stock.
• Additional restricted share units accrue based on dividends paid on the Corporation's common stock.
• The reported total of restricted share units beneficially owned following the transaction is 12,357.0196.
• These units cannot be sold or transferred until McCoy ceases to be a member of the Corporation's Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, which is a standard practice. The acquisition of restricted share units aligns the director's interests with those of the shareholders, which is generally viewed favorably.

Positives

• The acquisition of restricted share units aligns the director's interests with those of the shareholders.
• The compensation plan incentivizes long-term commitment to the company, as the units cannot be sold until the director leaves the board.

Industry Context

Director compensation through restricted stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Many companies, including peers of Kimberly-Clark, use restricted stock units as part of their director compensation packages.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize equity-based compensation to align director and shareholder interests.
• The specific number of units and vesting schedules vary based on company size, performance, and industry norms.

Stakeholder Impact

• The acquisition of restricted share units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates