G. Zachary Gund - Sep 13, 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
Sep 13, 2024
Transactions value $
$3,694
Form type
4
Date filed
9/17/2024, 06:59 PM
Previous filing
Aug 19, 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 $986 +53.7 +0.87% $18.37 6.21K Sep 13, 2024 Common Stock 53.7 Direct F1
transaction KLG Phantom Stock Award $2.71K +145 +38.73% $18.67 520 Sep 16, 2024 Common Stock 145 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 service of the Reporting Person 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 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).