Ramon Murguia - Dec 19, 2023 Form 4 Insider Report for WK Kellogg Co (KLG)

Role: Director
Signature: /s/ Gordon Paulson, Attorney-in-Fact
Stock symbol: KLG
Transactions as of: Dec 19, 2023
Transactions value $: $1,578
Form type: 4
Date filed: 12/21/2023, 04:05 PM
Previous filing: Nov 15, 2023
Next filing: Mar 1, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KLG	Phantom Stock	Award	$1.58K	+127		$12.46	127	Dec 19, 2023	Common Stock	127		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of the Issuer's common stock acquired for the benefit of the Reporting Person under the Issuer's non-employee director compensation program in connection with a cash dividend paid on shares of the Issuer's common stock. Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. The shares become distributable to the Reporting Person or his beneficiary only upon the Reporting Person's "separation of service" with the Issuer (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended).

Content

Represents shares of the Issuer's common stock acquired for the benefit of the Reporting Person under the Issuer's non-employee director compensation program in connection with a cash dividend paid on shares of the Issuer's common stock. Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. The shares become distributable to the Reporting Person or his beneficiary only upon the Reporting Person's "separation of service" with the Issuer (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended).