Form 4: Kimberly-Clark Executive Robert Edward Long Reports Stock Transactions
SEC Form 4 Filing
Robert Edward Long, Chief R&D Officer at Kimberly-Clark, reports the vesting and payout of restricted share units and the subsequent surrender of shares to cover tax obligations.
Summary
- On April 26, 2024, Robert Edward Long, Chief R&D Officer of Kimberly-Clark Corp, reported transactions involving the company's common stock and restricted share units.
- Long acquired 867 shares of common stock upon the vesting of restricted share units.
- Simultaneously, Long surrendered 389 shares to Kimberly-Clark to satisfy tax withholding obligations at a price of $135.24 per share.
- Following these transactions, Long directly owns 1,932 shares of common stock and 2,024 restricted share units.
- The restricted share units vest over three years, with 30% vesting on each of the first and second anniversaries of the grant date and the remaining 40% on the third anniversary.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions are subject to regulatory scrutiny to prevent illegal insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of restricted share units grant (with dividends reinvested) |
| 04/26/2024 | Date of transaction: vesting of restricted share units and surrender of shares for tax obligations |
| 04/29/2024 | Date of Form 4 signature |
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