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

Director Ramon Murguia acquired additional phantom stock in WK Kellogg Co through a dividend reinvestment program.

Summary

• On March 19, 2024, Ramon Murguia, a director of WK Kellogg Co, acquired 96.78 shares of phantom stock.
• The acquisition was made under the WK Kellogg Co non-employee director compensation program in connection with a cash dividend paid on shares of common stock.
• The price of the phantom stock was $16.51 per share.
• Following the transaction, Murguia directly owns 223.39 shares of phantom stock.
• The phantom stock is the economic equivalent of one share of WK Kellogg Co common stock and will be distributed upon separation of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• The dividend reinvestment program allows directors to increase their stake in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

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

Key Dates