4//SEC Filing
HOWARD JOHN L 4
Accession 0001209191-21-025530
CIK 0000277135other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 9:13 PM ET
Size
19.3 KB
Accession
0001209191-21-025530
Insider Transaction Report
Form 4
HOWARD JOHN L
Sr. VP and General Counsel
Transactions
- Award
Common Stock
2021-04-02+2,993→ 43,428 total - Award
Common Stock
2021-04-01+1,326→ 40,893 total - Tax Payment
Common Stock
2021-04-02$406.35/sh−1,326$538,820→ 42,102 total - Tax Payment
Common Stock
2021-04-01$400.93/sh−458$183,626→ 40,435 total - Sale
Common Stock
2021-04-05$407.21/sh−2,535$1,032,283→ 39,567 total
Holdings
- 9,728
Stock Option
Exercise: $231.88From: 2018-04-01Exp: 2025-03-31→ Common Stock (9,728 underlying) - 5,977
Stock Option
Exercise: $311.26Exp: 2029-03-31→ Common Stock (5,977 underlying) - 12,390
Stock Option
Exercise: $234.38From: 2019-04-01Exp: 2026-03-31→ Common Stock (12,390 underlying) - 8,607
Stock Option
Exercise: $231.20From: 2020-04-03Exp: 2027-04-02→ Common Stock (8,607 underlying) - 8,979
Stock Option
Exercise: $276.64From: 2021-04-02Exp: 2028-04-01→ Common Stock (8,979 underlying)
Footnotes (7)
- [F1]April 1, 2021 award of restricted stock units to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis. This award generally vests in three tranches, where 1/3 vests on April 1, 2022, 1/3 vests on April 1, 2023, and the remainder vests on April 1, 2024. However, because Mr. Howard meets the criteria for retirement-eligibility applicable to all employees under the W.W. Grainger, Inc. Amended and Restated 2015 Incentive Plan, dated October 31, 2018, his restricted stock units vested immediately upon award and were settled through the delivery of unrestricted shares of common stock on a one-for-one basis, effective April 1, 2021.
- [F2]Shares withheld for tax withholding for the restricted stock unit settlement described in footnote 1 above.
- [F3]These were performance vested restricted stock units ("PRSUs"), granted on January 1, 2018. The Company's performance over the three-year period ended December 31, 2020 achieved a payout equal to 100% of the 2018 PRSU program target, as approved by the Board of Directors of the Company (the "Board") acting in executive session with only independent directors participating, on February 17, 2021, upon the earlier determination of the Compensation Committee of the Board.
- [F4]Shares withheld for tax withholding for the PRSU settlement described in footnote 3 above.
- [F5]Transaction pursuant to a previously adopted Rule 10b5-1 trading program.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.9636 to $407.69, inclusive. The reporting person undertakes to provide W.W. Grainger, Inc., any security holder of W.W. Grainger, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (6).
- [F7]The stock option will fully vest in three years, where 1/3 shall vest on April 1, 2020, 1/3 shall vest on April 1, 2021, and the remainder shall vest on April 1, 2022.
Documents
Issuer
W.W. GRAINGER, INC.
CIK 0000277135
Entity typeother
Related Parties
1- filerCIK 0001187060
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 9:13 PM ET
- Size
- 19.3 KB