WDFC.NASDAQWd 40 CO

Form 4: WD-40 Company Executive Phenix Q. Kiamilev Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Phenix Q. Kiamilev, VP, General Counsel & Corp Sec of WD-40 Company, reports changes in beneficial ownership due to tax withholding obligations upon vesting of Restricted Stock Units (RSUs), Market Share Units (MSUs), and Performance Stock Units (PSUs).

Summary

  • On October 22, 2024, Phenix Q. Kiamilev, VP, General Counsel & Corp Sec of WD-40 Company, reported changes in beneficial ownership.
  • The changes are due to the withholding of shares to satisfy tax obligations upon the vesting of RSUs, MSUs, and PSUs.
  • A total of 255 shares were withheld from RSUs, 238 shares from MSUs, and 38 shares from PSUs.
  • Following the reported transactions, Kiamilev beneficially owns 3,013 shares indirectly through The Kiamilev Family Trust.
  • This total includes 1,422 unvested RSUs, 68 shares of restricted Common Stock received upon settlement of PSUs, and 209 shares held in the Reporting Person's WD-40 Company Profit Sharing / 401(k) Plan account.
  • Beneficial ownership had previously been reported as Direct and is now being reported as Indirect.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and does not suggest any specific trend in the broader industry.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they relate to tax obligations on vested equity awards.

Key Dates

DateDescription
October 5, 2012Date The Kiamilev Family Trust was established.
10/22/2024Date of the reported transactions (withholding of shares for tax obligations).
10/24/2024Date of signature by attorney-in-fact.

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