Amit Banati - Oct 26, 2023 Form 4 Insider Report for KELLANOVA (K)

Role
Vice Chairman & CFO
Signature
John Min, Attorney-in-Fact
Stock symbol
K
Transactions as of
Oct 26, 2023
Transactions value $
$0
Form type
4
Date filed
10/30/2023, 04:40 PM
Previous filing
Oct 4, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding K Common 79.2K Oct 26, 2023 Held in Trust by Spouse and Child F1

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 +41.1K $0.00 41.1K Oct 26, 2023 Common 41.1K Direct F2, F3, F4, F5, F6
transaction K Restricted Stock Units Award $0 +48.4K $0.00 48.4K Oct 26, 2023 Common 48.4K Direct F3, F4, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes dividends reinvested after January 1, 2023.
F2 Represent 2021-2023 Executive Performance Plan awards granted under the Kellanova Performance Stock Unit ("PSU") Plan (formerly known as the "Executive Performance Plan").
F3 Each restricted stock unit represents a contingent right to receive one share of Kellanova common stock.
F4 On October 26, 2023, the Kellanova Compensation and Talent Management Committee determined the actual performance through the effective time of the Distribution (as defined below) of the PSU Plan Awards.
F5 The restricted stock units vest over three years and vest on the date of the Board meeting that occurs closest to the third anniversary of the grant date, which is expected to occur on February 16, 2024.
F6 On October 2, 2023, Kellanova completed a pro rata spinoff distribution ("Distribution") of all of its shares of WK Kellogg Co. In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of September 29, 2023 by and between Kellanova and WK Kellogg Co, equity awards held by the Reporting Person were equitably adjusted.
F7 Represent 2022-2024 Preformance Stock Unit awards granted under the Kellanova PSU Plan (formally known as the "Executive Performance Plan").
F8 The restricted stock units vest over three years and vest on the date of the Board meeting that occurs closest to the third anniversary of the grant date, which is expected to occur on February 21, 2025.