Form 4: Kimberly-Clark Executive Zackery A. Hicks Reports Share Transactions
SEC Form 4 Filing
Zackery A. Hicks, Chief Digital & Technology Officer of Kimberly-Clark, reports the vesting and payout of restricted share units and a related tax withholding transaction.
Summary
- On July 29, 2024, Zackery A. Hicks, Chief Digital & Technology Officer of Kimberly-Clark Corp, reported transactions involving the company's common stock.
- 5,171 restricted share units vested and were paid out in shares of common stock.
- 2,036 shares were surrendered to the issuer to satisfy tax withholding obligations at a price of $140.85 per share.
- Following these transactions, Hicks directly owns 4,712 shares of common stock and 5,171 restricted share units.
- These restricted share units vest in one-third increments on each of the first through third anniversaries of the grant date.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of insider transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge executive sentiment and potential future performance.
- Comparing the volume and frequency of insider transactions at Kimberly-Clark to those of its competitors like Procter & Gamble (PG) or Unilever (UL) can provide insights into relative valuation and management confidence.
- For example, consistent buying activity by executives might signal strong belief in the company's prospects, while frequent selling could raise concerns.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted compensation.
- Employees holding similar restricted share units may be interested in the vesting terms and tax implications.
- The transactions do not directly affect customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| November 11, 2015 | Mae C. Jemison Power of Attorney date |
| November 15, 2015 | Michael D. Hsu Power of Attorney date |
| June 15, 2016 | Christa S. Quarles Power of Attorney date |
| July 19, 2017 | Jeffrey P. Melucci Power of Attorney date |
| September 12, 2018 | Sherilyn S. McCoy Power of Attorney date |
| March 1, 2019 | Andrew S. Drexler Power of Attorney date |
| May 1, 2019 | Dunia A. Shive Power of Attorney date |
| May 2, 2019 | S. Todd Maclin Power of Attorney date |
| July 29, 2019 | Alison Lewis Power of Attorney date |
| September 19, 2019 | Mark T. Smucker Power of Attorney date |
| August 13, 2020 | John W. Culver Power of Attorney date |
| October 12, 2020 | Sandra R. Karrmann Power of Attorney date |
| October 26, 2020 | Gonzalo Uribe Power of Attorney date |
| February 18, 2020 | Russell Torres Power of Attorney date |
| March 15, 2021 | Robert E. Long Power of Attorney date |
| September 1, 2021 | Deirdre A. Mahlan Power of Attorney date |
| September 1, 2021 | Jaime A. Ramirez Power of Attorney date |
| September 14, 2021 | Doug Cunningham Power of Attorney date |
| January 3, 2022 | Ehab Abou-Oaf Power of Attorney date |
| March 17, 2022 | Sylvia M. Burwell Power of Attorney date |
| March 29, 2022 | Nelson Urdaneta Power of Attorney date |
| July 11, 2022 | Zackery A. Hicks Power of Attorney date |
| September 9, 2022 | Tamera Fenske Power of Attorney date |
| August 27, 2023 | Deeptha Khanna Power of Attorney date |
| February 1, 2024 | Grant B. McGee Power of Attorney date |
| July 22, 2024 | Effective date of Substitute Power of Attorney |
| July 29, 2024 | Date of the reported transactions: vesting of restricted share units and tax withholding. |
| July 30, 2024 | Date of the Form 4 filing. |
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