Garry O. Ridge - Oct 12, 2021 Form 4 Insider Report for WD 40 CO (WDFC)

Role
CEO and Board Chair, Director
Signature
Richard T. Clampitt, as attorney-in-fact for Garry O. Ridge
Stock symbol
WDFC
Transactions as of
Oct 12, 2021
Transactions value $
$0
Form type
4
Date filed
10/14/2021, 08:25 PM
Previous filing
Jul 21, 2021
Next filing
Oct 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDFC Common Stock Award +3.48K +6.49% 57K Oct 12, 2021 Direct F1
transaction WDFC Common Stock Award +7.99K +14.01% 65K Oct 12, 2021 Direct F2
transaction WDFC Common Stock Award +3.37K +5.19% 68.4K Oct 12, 2021 Direct F3, F4
holding WDFC Common Stock 12.5K Oct 12, 2021 By Spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units (Common Stock equivalents) were granted pursuant to the WD-40 Company 2016 Stock Incentive Plan. The Restricted Stock Units (RSUs) will be settled solely with Issuer Common Stock upon an annual vesting schedule as provided for in the Award Agreement for the RSUs as follows: 34% not later than November 15, 2022, 33% not later than November 15, 2023, and 33% not later than November 15, 2024.
F2 Acquisition of vested Market Share Units (Common Stock equivalents) upon certified performance vesting of Market Share Units (MSUs) awarded to the reporting person on October 8, 2018, pursuant to the WD-40 Company 2016 Stock Incentive Plan. Vested MSUs will be settled solely with Issuer Common Stock not later than November 15, 2021.
F3 Acquisition of vested Performance Share Units (Common Stock equivalents) upon certified performance vesting of Performance Share Units (PSUs) awarded to the reporting person on October 12, 2020, pursuant to the WD-40 Company 2016 Stock Incentive Plan. Vested PSUs will be settled solely with Issuer Common Stock not later than November 15, 2021.
F4 Total includes 1,298.648 shares held in WD-40 Company Profit Sharing Plan (Company Stock Fund) account. Total also includes 17,508 RSUs, 11,624 of which are subject to future vesting, 7,988 vested MSUs, 3,372 vested PSUs, and 967 vested Deferred Performance Units (Common Stock equivalents).
F5 The reporting person disclaims beneficial ownership of these shares and this report of indirect beneficial ownership shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of such shares.