Form 4: WD-40 Executive Patricia Olsem Reports Stock Transactions

Patricia Olsem, Division President, Americas at WD-40, reports the withholding of shares to cover tax obligations upon the vesting of Restricted Stock Units, Market Share Units, and Performance Stock Units.

Summary

• Patricia Olsem, Division President, Americas at WD-40 Company, filed a Form 4 detailing changes in beneficial ownership of WD-40 stock.
• On October 22, 2024, shares were withheld to cover tax obligations upon the vesting of Restricted Stock Units (RSUs), Market Share Units (MSUs), and Performance Stock Units (PSUs).
• 333 shares were withheld related to RSU vesting, resulting in a direct ownership of 5,274 shares and indirect ownership of shares held in a trust.
• 326 shares were withheld related to MSU vesting, resulting in direct ownership of 1,378 shares.
• 59 shares were withheld related to PSU vesting, resulting in direct ownership of 1,319 shares.
• The total direct holdings include shares received upon settlement of MSUs (586 shares), restricted Common Stock received upon settlement of PSUs (644 shares), and vested deferred performance units or DPUs (89 shares).

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates