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

Director Julio N Nemeth acquired phantom stock in WK Kellogg Co through a dividend reinvestment under the non-employee director compensation program.

Summary

• On March 19, 2024, Julio N Nemeth, a director of WK Kellogg Co, acquired 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.
• Nemeth acquired 96.78 shares of phantom stock at a price of $16.51 per share.
• Following the transaction, Nemeth directly owns 223.39 derivative securities.
• Each share of phantom stock is the economic equivalent of one share of WK Kellogg Co common stock and becomes distributable upon separation of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• The non-employee director compensation program incentivizes directors.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

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

Key Dates