Amit Banati - Feb 18, 2022 Form 4 Insider Report for KELLOGG CO (K)

Role
SVP & Chief Financial Officer
Signature
Gary H. Pilnick, Attorney-in-Fact
Stock symbol
K
Transactions as of
Feb 18, 2022
Transactions value $
-$1,140,663
Form type
4
Date filed
2/23/2022, 04:12 PM
Previous filing
Feb 11, 2022
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction K Common Award $0 +15.3K +33.73% $0.00 60.8K Feb 18, 2022 Direct F1
transaction K Common Tax liability -$314K -4.76K -7.82% $66.07 56.1K Feb 18, 2022 Direct
transaction K Common Options Exercise $0 +3.07K +5.47% $0.00 59.2K Feb 22, 2022 Direct F2
transaction K Common Tax liability -$90.8K -1.37K -2.32% $66.12 57.8K Feb 22, 2022 Direct
transaction K Common Sale -$735K -11.1K -19.13% $66.53 46.7K Feb 23, 2022 Direct F3

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 +9.58K $0.00 9.58K Feb 18, 2022 Common 9.58K Direct F2, F4
transaction K Restricted Stock Units Options Exercise $0 -3.07K -100% $0.00* 0 Feb 22, 2022 Common 3.07K 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 $66.42 to $66.64, 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.