G. Zachary Gund - Mar 15, 2024 Form 4 Insider Report for WK Kellogg Co (KLG)

Role
Director
Signature
/s/ Gordon Paulson, Attorney-in-Fact
Stock symbol
KLG
Transactions as of
Mar 15, 2024
Transactions value $
$1,970
Form type
4
Date filed
3/19/2024, 09:23 PM
Previous filing
Jun 18, 2024
Next filing
May 7, 2024

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 KLG Deferred Stock Units Award $372 +22.3 +0.96% $16.69 2.35K Mar 15, 2024 Common Stock 22.3 Direct F1
transaction KLG Phantom Stock Award $1.6K +96.8 +76.44% $16.51 223 Mar 19, 2024 Common Stock 96.8 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents deferred stock units granted under the WK Kellogg Co 2023 Long-Term Incentive Plan pursuant to an election made by the Reporting Person under the Issuers non-employee director compensation program. Each deferred stock unit is the economic equivalent of one share of the Issuers common stock (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.
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).