Form 4: WD-40 Company Executive Sara K. Hyzer Reports Stock Transactions
SEC Form 4 Filing
Sara K. Hyzer, VP, Finance & CFO of WD-40 Company, reports the withholding of shares to cover tax obligations upon the vesting of Restricted Stock Units (RSUs), Market Share Units (MSUs), and Performance Stock Units (PSUs).
Summary
- On October 22, 2024, Sara K. Hyzer, VP, Finance & CFO of WD-40 Company, reported transactions involving the company's common stock.
- A total of 429 shares were withheld to satisfy tax obligations upon the vesting of 843 Restricted Stock Units (RSUs).
- An additional 344 shares were withheld to cover taxes upon the vesting of 677 Market Share Units (MSUs).
- Furthermore, 73 shares were withheld for tax obligations related to the vesting of 144 Performance Stock Units (PSUs).
- Following these transactions, Hyzer directly owns 3,814 shares of WD-40 Company common stock.
- This total includes 2,202 unvested RSUs, 71 shares of restricted common stock received upon settlement of PSUs, and 355 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 SEC filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of stock transactions (withholding of shares for tax obligations). |
| 10/24/2024 | Date of signature by attorney-in-fact. |
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