Form 4: W.W. Grainger Exec Reports Stock Award and Tax Withholding

Nancy L. Berardinelli-Krantz, Sr. VP & CLO of W.W. Grainger, reports the acquisition of restricted stock units and shares withheld for tax obligations.

Summary

• On April 1, 2024, Nancy L. Berardinelli-Krantz, Sr. VP & CLO of W.W. Grainger, received an award of 804 restricted stock units (RSUs).
• These RSUs will vest in three tranches: 1/3 on April 1, 2025, 1/3 on April 1, 2026, and the remainder on April 1, 2027.
• Also on April 1, 2024, 142 shares were withheld for tax obligations related to the partial settlement of RSUs awarded on April 1, 2023.
• The price per share for the tax withholding was $1,017.3.
• Following these transactions, Berardinelli-Krantz beneficially owns 3,298 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, and does not inherently convey positive or negative sentiment.

Positives

• The award of restricted stock units aligns the executive's interests with the long-term performance of the company.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are a common practice among publicly traded companies to incentivize and retain key personnel.
• The vesting schedule of the RSUs (three tranches over three years) is a standard approach to ensure long-term commitment from the executive.
• Tax withholding upon vesting of RSUs is a standard procedure.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by company insiders.
• The filing provides transparency regarding executive compensation practices.

Key Dates