Form 4: WK Kellogg Co: Chief Supply Chain Officer Reports Acquisition of Dividend Equivalent Units
SEC Form 4
Sherry Brice, Chief Supply Chain Officer of WK Kellogg Co, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.
Summary
- On March 15, 2024, Sherry Brice, the Chief Supply Chain Officer of WK Kellogg Co, acquired 1,146.01 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 right to receive one share of WK Kellogg Co common stock.
- Following the transaction, Brice directly owns 2,246.8 dividend equivalent units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 03/19/2024 | Date of signature on the report |
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