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).

Content

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.

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).