Form 4: Mosaic Co Director Kelvin R. Westbrook Reports Stock Vesting
SEC Form 4
Director Kelvin R. Westbrook reported the vesting of restricted stock units into 4,435 shares of Mosaic Co common stock on May 20, 2024.
Summary
- On May 20, 2024, Kelvin R. Westbrook, a director of Mosaic Co, had 4,435 restricted stock units vest.
- These units converted into 4,435 shares of Mosaic Co common stock.
- The shares were delivered to Mr. Westbrook on the same day.
- Mr. Westbrook also holds 4,609 restricted stock units that will vest at the 2024 Annual Meeting of Stockholders.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting, neither particularly positive nor negative.
Future Outlook
4,609 restricted stock units will vest and be paid to the reporting person on the date of the issuer's 2024 Annual Meeting of Stockholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Restricted stock units vested and shares delivered to Kelvin R. Westbrook |
| 05/21/2024 | Date of signature for the Form 4 filing |
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