Form 4: WK Kellogg Co: CEO Gary Pilnick Reports Changes in Beneficial Ownership
SEC Form 4
CEO Gary Pilnick reports acquisition of dividend equivalent units related to previously granted restricted stock units.
Summary
- On March 15, 2024, Gary H Pilnick, CEO of WK Kellogg Co, reported the acquisition of 7,073.17 dividend equivalent units (DEUs) related to previously granted restricted stock units (RSUs).
- These DEUs were accrued under the WK Kellogg Co 2023 Long-Term Incentive Plan.
- The DEUs will vest under the same terms and conditions as the corresponding RSUs.
- Each DEU represents the contingent right to receive one share of WK Kellogg Co common stock.
- Following the reported transaction, Pilnick beneficially owns 13,685.72 derivative securities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of dividend equivalent units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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