Buckner Judith K. 4/A
Research Summary
AI-generated summary
Whirlpool (WHR) Director Judith K. Buckner Receives Award
What Happened
- Judith K. Buckner, a director of Whirlpool Corporation (WHR), was reported as receiving 2,811 shares on 2026-04-21. The Form 4 (amended 2026-05-15) shows the transaction as an award/acquisition (code A) at $0.00 and classified as a derivative.
- This filing corrects the earlier report: the 2,811 units are deferred stock units (DSUs) under the Deferred Compensation Plan II for Nonemployee Directors, not immediately issued common shares or a market purchase/sale.
Key Details
- Transaction date: 2026-04-21; Amended Form 4 filed: 2026-05-15 (accession 0000106640-26-000038).
- Amount: 2,811 deferred stock units; reported price: $0.00 (no cash exchanged).
- Shares owned after transaction: not specified in the provided excerpt.
- Footnote: The award was originally misreported as an acquisition of shares on Table I; it is actually DSUs that will be distributed one-for-one in shares upon the reporting person's departure from the Board (F1).
- Filing status: This is an amended filing correcting the characterization of the award.
Context
- Deferred stock units are compensation, not an open-market purchase or sale. They convert to shares (one-for-one) when the director leaves the board, so they do not reflect an immediate cash investment or disposition.
- Such director awards are common routine compensation and should not be interpreted as a direct bullish or bearish trade by the director.