Form 4: WK Kellogg Co: CFO David McKinstray Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Financial Officer David McKinstray reports changes in beneficial ownership of WK Kellogg Co shares due to dividend equivalent units accrued on restricted stock units.
Summary
- David McKinstray, CFO of WK Kellogg Co, filed a Form 4 to report changes in beneficial ownership.
- The changes are due to the accrual of 1,529.66 dividend equivalent units (DEUs) on previously granted restricted stock units (RSUs) under the company's 2023 Long-Term Incentive Plan on June 14, 2024.
- These DEUs represent the contingent right to receive one share of WK Kellogg Co common stock each and will vest under the same terms as the related RSUs.
- Following this transaction, McKinstray's direct ownership includes 4,536.42 derivative securities.
- The reporting person's attorney-in-fact, Gordon Paulson, signed the report on June 18, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common for publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: Dividend Equivalent Units acquired |
| 06/18/2024 | Date of Form 4 signature |
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