Form 4: Kimberly-Clark Executive Russell Torres Reports Share Transactions
SEC Filing
Russell Torres, President of KCNA at Kimberly-Clark Corp, reports the vesting and payout of restricted share units and subsequent tax withholding.
Summary
- On April 26, 2024, Russell Torres, President of KCNA at Kimberly-Clark Corp, reported transactions involving common stock and restricted share units.
- 2,602 restricted share units vested and were paid out in shares of common stock.
- 1,154 shares were surrendered to cover tax withholding obligations at a price of $135.24 per share.
- Following these transactions, Torres directly owns 32,137 shares of common stock and 6,072 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine compensation and tax-related transactions.
Key Dates
| Date | Description |
|---|---|
| 4/26/2023 | Grant date of restricted share units (w/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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