Form 4: WD-40 Executive Disposes Shares for Tax Obligations

Jeffrey G. Lindeman, VP at WD-40 Company, disposed of shares to cover tax withholding obligations from vested restricted stock units and market share units.

Summary

• Jeffrey G. Lindeman, WD-40 Company's VP, Chief People, Culture & Capital, reported transactions on October 27, 2025.
• 260 shares of Common Stock were disposed of to satisfy tax withholding obligations upon the vesting of 721 Restricted Stock Units (RSUs).
• An additional 294 shares of Common Stock were disposed of for tax withholding upon the vesting of 821 Market Share Units (MSUs).
• Following these transactions, Mr. Lindeman directly beneficially owns 5,194 shares of Common Stock.
• The reported beneficial ownership also includes 4,900 shares, which comprise 1,514 unvested RSUs, 253 shares of restricted Common Stock received upon settlement of performance stock units (PSUs), and 697 shares held in his WD-40 Company Profit Sharing / 401(k) Plan account.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction where shares were withheld to cover tax obligations upon the vesting of executive compensation units. This is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all publicly traded companies and does not reflect specific industry trends for the specialty chemicals or consumer goods sector.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and tax withholding, not a discretionary sale or purchase.

Key Dates

Keywords

WD-40 Company, WDFC, Jeffrey G. Lindeman, Form 4, Insider Transaction, Stock Disposal, Tax Withholding, Restricted Stock Units, Market Share Units, Executive Compensation