Form 4: WD-40 Exec Kiamilev Reports Stock Disposals for Tax Obligations

Phenix Q. Kiamilev, VP, GC & Chief Compliance Officer of WD-40, reports disposals of common stock to cover tax obligations upon vesting of RSUs and MSUs.

Summary

• Phenix Q. Kiamilev, VP, GC & Chief Compliance Officer of WD-40 Company, filed a Form 4.
• The filing reports the disposal of 267 shares of common stock on October 27, 2025, to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• An additional 294 shares of common stock were disposed of on the same date to cover tax obligations upon the vesting of Market Share Units (MSUs).
• Following the reported transactions, Kiamilev beneficially owns 4,248 shares directly and 4,542 shares indirectly through The Kiamilev Family Trust.

Sentiment

Score: 5

Explanation: The filing is neutral in sentiment as it reports routine transactions related to tax obligations.

Positives

• The filing indicates the vesting of RSUs and MSUs, which can be seen as a positive sign of the executive's performance being aligned with company goals.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's direct stake in the company.

Risks

• There are no explicit risks mentioned in this filing.

Future Outlook

There are no explicit forward-looking statements in this filing.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock transactions of company executives.

Comparison to Industry Standards

• Executive compensation and equity-based awards are common across publicly traded companies. Companies like Colgate-Palmolive (CL), Procter & Gamble (PG), and Unilever (UL) also utilize RSUs and MSUs as part of their executive compensation packages.
• The tax withholding practices related to equity vesting are standard and consistent with IRS regulations.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they relate to tax obligations of an executive.

Key Dates

Keywords

Form 4, WD-40, WDFC, Insider Trading, Stock Disposal, RSU, MSU, Tax Withholding, Beneficial Ownership, Kiamilev