Gary H. Pilnick - 18 Feb 2022 Form 4 Insider Report for KELLOGG CO (K)

Role
Vice Chairman
Signature
/s/ Gary H Pilnick
Issuer symbol
K
Transactions as of
18 Feb 2022
Net transactions value
-$1,531,317
Form type
4
Filing time
23 Feb 2022, 16:12:04 UTC
Previous filing
11 Feb 2022
Next filing
30 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction K Common Award $0 +20,568 +106% $0.000000 39,955 18 Feb 2022 Direct F1
transaction K Common Tax liability $451,853 -6,839 -17% $66.07 33,116 18 Feb 2022 Direct
transaction K Common Options Exercise $0 +4,118 +12% $0.000000 37,234 22 Feb 2022 Direct F2
transaction K Common Tax liability $114,388 -1,730 -4.6% $66.12 35,504 22 Feb 2022 Direct
transaction K Common Sale $965,077 -14,506 -41% $66.53 20,998 23 Feb 2022 Direct F3
holding K Common 287 18 Feb 2022 By 401(k) Profit Sharing Plan
holding K Common 51,471 18 Feb 2022 Held in Trusts by Spouse and Children

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 K Restricted Stock Units Award $0 +7,190 $0.000000 7,190 18 Feb 2022 Common 7,190 Direct F2, F4
transaction K Restricted Stock Units Options Exercise $0 -4,118 -100% $0.000000* 0 22 Feb 2022 Common 4,118 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance rights granted February 22, 2019, in connection with the Company's 2019-2021 Executive Performance Plan, which are paid in stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Kellogg common stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.40 to $66.69, inclusive. The reporting person undertakes to provide to Kellogg Company, any security holder of Kellogg Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F4 The restricted stock units vest on February 18, 2025, the third anniversary of the grant date.