Form 4: Whirlpool Director Larry O. Spencer Reports Stock Award Deferral
SEC Form 4 Filing
Director Larry O. Spencer deferred a stock award into Whirlpool's Deferred Compensation Plan II for Nonemployee Directors.
Summary
- On April 16, 2024, Larry O. Spencer, a director of Whirlpool Corporation, deferred a stock award of 1,421 shares into the Deferred Compensation Plan II for Nonemployee Directors.
- These shares are payable in common stock on a one-for-one basis after Spencer's departure from the Board.
- Following this transaction, Spencer beneficially owns 9,313.94 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock award deferral, indicating a neutral sentiment.
Future Outlook
The deferred stock units will be payable in common stock upon the reporting person's departure from the Board.
Industry Context
This filing is a routine disclosure related to executive compensation and deferred compensation plans, common in publicly traded companies.
Stakeholder Impact
- The deferral of stock awards impacts the director's long-term compensation and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of stock award deferral |
| 04/17/2024 | Date of signature |
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