Trevor I. Mihalik - Dec 12, 2023 Form 4 Insider Report for WD 40 CO (WDFC)

Role
Director
Signature
Ann T. Nguyen, attorney-in-fact for Trevor I. Mihalik
Stock symbol
WDFC
Transactions as of
Dec 12, 2023
Transactions value $
$0
Form type
4
Date filed
12/13/2023, 04:20 PM
Previous filing
Mar 1, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDFC Common Stock Award +406 +14.33% 3.24K Dec 12, 2023 Direct F1
transaction WDFC Common Stock Award +251 +7.75% 3.49K Dec 12, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock unit ("RSU") award covering shares of Issuer's common stock granted in accordance with the Issuer's Directors' Compensation Policy and Election Plan adopted on October 5, 2023 ("2023 Directors' Compensation Policy"). This RSU award, which was granted effective December 12, 2023 and had an aggregate fair market value of approximately $97,000 on such date, is the non-elective portion of annual director compensation and vests upon grant.
F2 Represents an elective RSU award covering shares of Issuer's common stock granted in accordance with the Issuer's 2023 Directors' Compensation Policy. This RSU award, which was granted effective December 12, 2023 ("Grant Date") and was in lieu of receiving cash for annual base compensation for directors, had an aggregate fair market value of approximately $60,000 on the Grant Date. Unless as otherwise provided in the 2023 Directors' Compensation Policy, and subject to continuous service as a director, the RSU award vests 1/12th per month over one year commencing on the first day of the calendar month after the Grant Date.
F3 Represents: (i) 302 shares acquired via stock purchases by Reporting Owner, (ii) 2,938 vested RSUs treated as common stock equivalents, and (iii) 251 unvested RSUs. Following termination of the Reporting Person's service as a director, vested RSUs will be settled with Issuer's common stock.