Mindy Sherwood - May 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: May 15, 2024
Transactions value $: $23,742
Form type: 4
Date filed: 5/17/2024, 04:49 PM
Previous filing: Mar 19, 2024
Next filing: Jun 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KLG	Common Stock	Award	$0	+6.7K	+67.94%	$0.00	16.6K	May 15, 2024	Direct	F1

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	$23.7K	+1.14K	+71.22%	$20.90	2.73K	May 15, 2024	Common Stock	1.14K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Issuer common stock granted to the Reporting Person under the Amended and Restated WK Kellogg Co 2023 Long-Term Incentive Plan pursuant to the non-employee director compensation program of the Issuer. Shares granted under by the Issuer under the non-employee director compensation program are automatically deferred and distributable to the Reporting Person or his beneficiary only upon the "separation of service" of the Reporting Person from the Issuer (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended).
F2	Represents deferred stock units granted under the Amended and Restated WK Kellogg Co 2023 Long-Term Incentive Plan pursuant to an election made by the Reporting Person under the non-employee director compensation program of the Issuer. Each deferred stock unit is the economic equivalent of one share of the common stock of the Issuer (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 service of the Reporting Person as a Director terminates.

Content

Represents shares of Issuer common stock granted to the Reporting Person under the Amended and Restated WK Kellogg Co 2023 Long-Term Incentive Plan pursuant to the non-employee director compensation program of the Issuer. Shares granted under by the Issuer under the non-employee director compensation program are automatically deferred and distributable to the Reporting Person or his beneficiary only upon the "separation of service" of the Reporting Person from the Issuer (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended).

Represents deferred stock units granted under the Amended and Restated WK Kellogg Co 2023 Long-Term Incentive Plan pursuant to an election made by the Reporting Person under the non-employee director compensation program of the Issuer. Each deferred stock unit is the economic equivalent of one share of the common stock of the Issuer (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 service of the Reporting Person as a Director terminates.