Form 4: WK Kellogg Co: CEO Gary Pilnick Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
CEO Gary Pilnick reports acquiring dividend equivalent units related to previously granted restricted stock units.
Summary
- On March 14, 2025, Gary H Pilnick, CEO of WK Kellogg Co, reported the acquisition of 5,490.11 dividend equivalent units (DEUs).
- These DEUs are accrued on restricted stock units (RSUs) previously granted under the WK Kellogg Co 2023 Long-Term Incentive Plan.
- The DEUs will vest under the same terms as the corresponding RSUs and each DEU represents the contingent right to receive one share of WK Kellogg Co common stock.
- Following the transaction, Pilnick directly owns 34,355.02 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding executive compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of the CEO.
Stakeholder Impact
- The acquisition of DEUs by the CEO may have a minor positive impact on shareholder sentiment as it aligns the CEO's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Acquisition of dividend equivalent units. |
| 03/18/2025 | Date of signature for the report. |
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