4//SEC Filing
HOWARD JOHN L 4
Accession 0001209191-22-022219
CIK 0000277135other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 2:12 PM ET
Size
18.5 KB
Accession
0001209191-22-022219
Insider Transaction Report
Form 4
HOWARD JOHN L
Sr. VP and General Counsel
Transactions
- Award
Common Stock
2022-04-01+1,993→ 22,560 total - Tax Payment
Common Stock
2022-04-01$515.79/sh−467$240,874→ 22,299 total - Tax Payment
Common Stock
2022-04-01$515.79/sh−847$436,874→ 21,713 total - Sale
Common Stock
2022-04-01$509.24/sh−1,732$882,004→ 20,567 total - Award
Common Stock
2022-04-01+1,053→ 22,766 total
Holdings
- 19,000(indirect: By Trust)
Common Stock
- 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) - 12,390
Stock Option
Exercise: $234.38From: 2019-04-01Exp: 2026-03-31→ Common Stock (12,390 underlying) - 5,977
Stock Option
Exercise: $311.26Exp: 2029-03-31→ Common Stock (5,977 underlying)
Footnotes (7)
- [F1]These were performance vested restricted stock units ("PRSUs"), granted on January 1, 2019. The Company's performance over the three-year period ended December 31, 2021 achieved a payout equal to 100% of the 2019 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 16, 2022, upon the earlier determination of the Compensation Committee of the Board.
- [F2]Shares withheld for tax withholding for the PRSU settlement described in footnote 1 above.
- [F3]April 1, 2022 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, 2023, 1/3 vests on April 1, 2024, and the remainder vests on April 1, 2025. 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, 2022.
- [F4]Shares withheld for tax withholding for the restricted stock unit settlement described in footnote 3 above.
- [F5]Transaction pursuant to a previously adopted Rule 10b5-1 trading program.
- [F6]Shares held in a family trust of which the reporting person's spouse and children are beneficiaries. The reporting person has sole voting and investment power with respect to all shares held by the family trust.
- [F7]The stock option fully vested in three years, where 1/3 vested on April 1, 2020, 1/3 vested on April 1, 2021, and the remainder vested 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 3, 8:00 PM ET
- Accepted
- Apr 4, 2:12 PM ET
- Size
- 18.5 KB