Garry O. Ridge - Mar 21, 2022 Form 4 Insider Report for WD 40 CO (WDFC)

Signature
Phenix Q. Kiamilev, attorney-in-fact for Garry O. Ridge
Stock symbol
WDFC
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
3/21/2022, 06:37 PM
Previous filing
Oct 26, 2021
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDFC Common Stock Award +5.35K +8.81% 66.1K Mar 21, 2022 Direct F1, F2
holding WDFC Common Stock 12.5K Mar 21, 2022 By Spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units (RSUs) were granted pursuant to the Transition and Release Agreement (TRA) dated March 11, 2022. RSUs are scheduled to vest on June 30, 2023, subject to certain terms and conditions in the TRA and/or the respective award agreement.
F2 Total includes: (i) 1,307 shares held in the WD-40 Company Profit Sharing / 401(k) Plan and Trust (Company Stock Fund account), (ii) 1,700 shares of restricted Common Stock received (net of shares withheld for taxes) upon settlement of Performance Share Units or PSUs, (iii) 12,876 of unvested RSUs, which includes the grant of RSUs reported in this Form 4, and (iv) 967 Deferred Performance Units (Common Stock equivalents). Immaterial increases in shares held in the Common Stock Fund account are due to stock dividends received periodically.
F3 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 Securities Exchange Act of 1934 or otherwise, the beneficial owner of such shares. Immaterial increases in shares are due to stock dividends received periodically.

Remarks:

See attached Power of Attorney dated March 3, 2022.