Eric Etchart - Dec 12, 2024 Form 4 Insider Report for WD 40 CO (WDFC)

Role
Director
Signature
Ann T. Nguyen, attorney-in-fact for Eric Etchart
Stock symbol
WDFC
Transactions as of
Dec 12, 2024
Transactions value $
$0
Form type
4
Date filed
12/16/2024, 04:17 PM
Previous filing
Nov 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDFC Common Stock Award +412 +5.73% 7.6K Dec 12, 2024 Direct F1
transaction WDFC Common Stock Award +281 +3.7% 7.88K Dec 12, 2024 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 Issuer's Directors' Compensation Policy and Election Plan adopted on October 3, 2024 ("2024 Directors' Compensation Policy"). This RSU award, which was granted effective December 12, 2024 and had an aggregate fair market value of approximately $110,000 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 the 2024 Directors' Compensation Policy. This RSU award, which was granted effective December 12, 2024 ("Grant Date") and was in lieu of receiving cash for annual base compensation for directors, had an aggregate fair market value of approximately $75,000 on the Grant Date. Unless as otherwise provided in the 2024 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) 1,500 shares acquired via stock purchases by Reporting Owner, (ii) 6,101 vested RSUs treated as common stock equivalents, and (iii) 281 unvested RSUs. Following termination of Reporting Person's service as a director, vested RSUs will be settled with Issuer's common stock.