Form 4: WK Kellogg Co Director Acquires Phantom Stock Through Dividend Reinvestment

Director Ramon Murguia acquired phantom stock in WK Kellogg Co through a dividend reinvestment under the company's non-employee director compensation program.

Summary

• On September 16, 2024, Ramon Murguia, a director of WK Kellogg Co, acquired 145.089 shares of phantom stock.
• The acquisition was made under the WK Kellogg Co non-employee director compensation program.
• The phantom stock was acquired in connection with a cash dividend paid on shares of the common stock.
• Each share of phantom stock is the economic equivalent of one share of WK Kellogg Co common stock.
• The price of the derivative security was $18.67.
• Following the transaction, Murguia beneficially owns 519.749 derivative securities.
• The shares become distributable upon the director's separation of service from the issuer.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing program. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock through dividend reinvestment aligns the director's interests with those of the shareholders.
• The non-employee director compensation program provides a mechanism for directors to accumulate equity in the company.

Future Outlook

The phantom stock will be distributed to the Reporting Person or his beneficiary only upon the Separation of Service of the Reporting Person from the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates