Form 4: Whirlpool CEO Marc Bitzer Reports Stock Transactions

Whirlpool's CEO, Marc Bitzer, reports the vesting and disposal of restricted stock units and common stock transactions.

Summary

• On March 1, 2024, Marc Bitzer, the Chairman and CEO of Whirlpool Corporation, reported transactions involving common stock and restricted stock units.
• Bitzer acquired 36,026 shares of common stock upon the vesting of performance-based restricted stock units granted under the Whirlpool Corporation Omnibus Stock and Incentive Plan for the 2021-2023 performance period.
• Simultaneously, Bitzer disposed of 36,026 shares of common stock.
• Bitzer also disposed of 14,310.56 shares of common stock at a price of $107.39 per share.
• Following these transactions, Bitzer directly owns 21,715.44 shares of common stock.
• Bitzer also indirectly owns shares through various trusts, including a trust for the reporting person (160,931 shares), trusts for immediate family members (3,714 shares), and grantor retained annuity trusts (10,494 and 14,500 shares).
• Additionally, Bitzer indirectly owns 7,553.4 shares through a 401(k) Stock Fund.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The vesting of restricted stock units is part of the company's compensation plan, impacting employees who are eligible for such grants.

Key Dates