Michael Corbo - 15 Mar 2024 Form 4 Insider Report for WK Kellogg Co (KLG)

Reporting relationship: Director
Issuer ticker: KLG
Reported as of: 15 Mar 2024
Net transaction value: +$1,724
SEC form: 4
Accepted by SEC: 19 Mar 2024, 21:21:37 UTC
Prior SEC filing: 20 Feb 2024
Next SEC filing: 17 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Gordon Paulson, Attorney-in-Fact

Key filing fact

Michael Corbo filed Form 4 for WK Kellogg Co (KLG) on 19 Mar 2024.

Key facts

This page summarizes Michael Corbo's Form 4 filing for WK Kellogg Co (KLG).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 Mar 2024, 21:21.

Change

Previous filing in this sequence was filed on 20 Feb 2024.
Current net transaction value: +$1,724.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KLG transaction Derivative

Deferred Stock Units

Award

Transaction value: $126
Shares: +8
Change %: +0.96%
Price: $16.69
Shares after: 798
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8
Exercise price
Footnotes: F1

KLG transaction Derivative

Phantom Stock

Award

Transaction value: $1,598
Shares: +97
Change %: +76%
Price: $16.51
Shares after: 223
Date: 19 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 97
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents additional deferred stock units granted under the WK Kellogg Co 2023 Long-Term Incentive Plan in connection with the dividend paid on shares of the WK Kellogg Co common stock (Common Stock). Each deferred stock unit is the economic equivalent of one share of Common Stock. The deferred stock units are payable in shares of Common Stock, either in a lump sum or in ten annual installments, commencing on the date on which the Reporting Persons service as a Director terminates.

Footnote F2

Represents shares of the WK Kellogg Co common stock acquired for the benefit of the Reporting Person under the WK Kellogg Co non-employee director compensation program in connection with a cash dividend paid on shares of the common stock. Each share of phantom stock is the economic equivalent of one share of the WK Kellogg Co common stock. The shares become distributable to the Reporting Person or his beneficiary only upon the Reporting Persons separation of service with the Issuer (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended).