WDFC.NASDAQWd 40 CO

Form 4: WD-40 Company Executive Jeffrey G. Lindeman Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Jeffrey G. Lindeman, VP at WD-40 Company, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units, market share units, and performance stock units.

Summary

  • On October 22, 2024, Jeffrey G. Lindeman, VP, Chief People, Cult. & Cap. of WD-40 Company, reported transactions involving the company's common stock.
  • Shares were withheld to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs), Market Share Units (MSUs), and Performance Stock Units (PSUs).
  • A total of 222 shares were withheld related to the vesting of 615 RSUs.
  • An additional 140 shares were withheld related to the vesting of 390 MSUs.
  • Furthermore, 45 shares were withheld related to the vesting of 125 PSUs.
  • Following these transactions, Lindeman beneficially owns 3,779 shares of WD-40 Company common stock.
  • This total includes 1,391 unvested RSUs, 253 shares of restricted Common Stock received upon settlement of PSUs, and 687 shares held in the Reporting Person's WD-40 Company Profit Sharing / 401(k) Plan account.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions related to compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. These filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they relate to tax obligations on vested equity compensation.

Key Dates

DateDescription
10/22/2024Date of the stock transactions (withholding of shares for tax obligations).
10/24/2024Date of signature by attorney-in-fact.

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