Form 4: Kimberly-Clark Executive Gonzalo Uribe Reports Share Transactions
SEC Form 4 Filing
Gonzalo Uribe, President of Latin America at Kimberly-Clark, reports the vesting and payout of restricted share units and a related tax withholding transaction.
Summary
- Gonzalo Uribe, President of Latin America at Kimberly-Clark, reported transactions involving Kimberly-Clark common stock on April 26, 2024.
- 867 restricted share units vested and were paid out in shares of common stock.
- An additional 389 shares were surrendered to the issuer to cover tax withholding obligations related to the vesting of restricted share units at a price of $135.24 per share.
- Following these transactions, Uribe directly owns 9,157 shares of Kimberly-Clark common stock and 2,024 restricted share units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing standard executive compensation transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the issuance of shares related to existing equity compensation plans.
- Employees who are granted restricted share units are impacted positively as their equity vests over time.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of restricted share units grant (with dividends reinvested) |
| 04/26/2024 | Date of transaction: vesting and payout of restricted share units and tax withholding. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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