Form 4: Whirlpool Executive Ludovic Beaufils Reports Stock Transactions
SEC Form 4 Filing
Whirlpool EVP Ludovic Beaufils reports the vesting of restricted stock units and a related tax withholding transaction.
Summary
- Ludovic Beaufils, an Executive Vice President at Whirlpool, reported transactions involving the company's stock on December 15, 2024.
- These transactions include the vesting of 2,000 restricted stock units, which converted to 2,000 shares of common stock.
- Additionally, 572 shares were disposed of to cover tax obligations related to the vesting of the restricted stock units at a price of $123.47 per share.
- Following these transactions, Beaufils directly owns 14,753.377 shares of Whirlpool common stock and indirectly owns 1,817.359 shares through a 401(k) stock fund.
- The remaining 2,000 restricted stock units will vest on December 15, 2026.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and does not indicate any unusual or concerning activity. It is a routine filing.
Future Outlook
The remaining 2,000 restricted stock units will vest on December 15, 2026.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, a common practice among publicly traded companies like Whirlpool.
- The tax withholding transaction is a standard procedure when restricted stock units vest, ensuring compliance with tax regulations.
- Companies like General Electric (GE) and Samsung also use similar compensation structures for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- The vesting of restricted stock units is part of the overall compensation package for executives.
Key Dates
| Date | Description |
|---|---|
| 12/15/2024 | Date of restricted stock unit vesting and related stock transactions. |
| 12/17/2024 | Date the SEC Form 4 was signed. |
| 12/15/2026 | Date when the remaining 2,000 restricted stock units will vest. |
Keywords
Whirlpool, stock, restricted stock units, insider trading, executive compensation, SEC Form 4, vesting
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