WHR.NYSEWhirlpool CORP /DE/

Form 4: Whirlpool CEO Marc Bitzer Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Whirlpool's Chairman and CEO, Marc R. Bitzer, filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to transactions involving grantor retained annuity trusts.

Summary

  • On April 26, 2024, Marc R. Bitzer, Chairman and CEO of Whirlpool, reported changes in his beneficial ownership of Whirlpool common stock.
  • These changes involve the acquisition and disposal of shares through grantor retained annuity trusts.
  • Specifically, 10,494 shares were disposed of via a grantor retained annuity trust (April 2022), and 10,494 shares were acquired via a trust for the reporting person.
  • Following these transactions, Bitzer's total indirect beneficial ownership includes 193,140.44 shares held by a trust for the reporting person, 14,500 shares held by a grantor retained annuity trust (October 2022), 3,714 shares held by trusts for immediate family members, and 7,679.15 shares held in a 401(k) Stock Fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the transactions of company insiders.

Key Dates

DateDescription
04/26/2024Date of the reported transactions involving Whirlpool common stock.
04/30/2024Date of signature by Attorney-In-Fact.

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