Form 4: W.W. Grainger SVP, Chief Technology Officer Jonny M LeRoy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jonny M LeRoy, SVP, Chief Technology Officer of W.W. Grainger, reports acquisition and disposal of common stock and restricted stock units (RSUs) on April 1, 2025, according to a Form 4 filing.
Summary
- On April 1, 2025, Jonny M LeRoy, SVP, Chief Technology Officer of W.W. Grainger, reported changes in beneficial ownership.
- These changes involve the acquisition of 458 restricted stock units (RSUs) and 711 performance stock units (PSUs).
- LeRoy also disposed of shares to cover tax withholdings related to the settlement of RSUs and PSUs.
- The transactions resulted in LeRoy holding 2,271 shares of common stock following the reported transactions.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing is a routine disclosure of insider transactions. The vesting of PSUs at 118% of target is a slightly positive indicator of company performance.
Positives
- The vesting of performance stock units (PSUs) indicates that the company achieved a performance payout equal to 118% of the 2022 PSU program target.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future performance.
Comparison to Industry Standards
- Companies like Fastenal (FAST) and MSC Industrial Direct (MSM) also utilize equity-based compensation, including RSUs and PSUs, to align management incentives with shareholder value.
- The vesting schedules and performance metrics associated with these awards are typically disclosed in proxy statements and other SEC filings, allowing for comparison across companies.
Stakeholder Impact
- The vesting of PSUs at 118% of target is a positive sign for shareholders, indicating strong company performance.
- Employees who are granted RSUs and PSUs are incentivized to contribute to the company's success.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Grant date of performance stock units (PSUs) and restricted stock units (RSUs). |
| 02/25/2024 | Board of Directors approved the payout for the 2022 PSU program. |
| 12/31/2024 | End of the three-year performance period for the 2022 PSU program. |
| 04/01/2025 | Date of transactions involving common stock, RSUs, and PSUs. |
| 04/01/2026 | Vesting date for 1/3 of the RSUs awarded on April 1, 2025. |
| 04/01/2027 | Vesting date for 1/3 of the RSUs awarded on April 1, 2025. |
| 04/01/2028 | Vesting date for the remaining 1/3 of the RSUs awarded on April 1, 2025. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, W.W. Grainger, GWW, Restricted Stock Units, RSUs, Performance Stock Units, PSUs, Insider Trading, Jonny M LeRoy, Tax Withholding
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