Melucci Jeffrey P. 4

What Happened

• Jeffrey P. Melucci, Chief, Business, Strategy & Administration at Kimberly‑Clark (KMB), had 4,466 restricted share units (RSUs) convert into common stock on 2026-01-31. The conversion shows an effective exercise/conversion price of $0.00 (typical for RSUs).
• To satisfy tax withholding, 1,807 of those shares were automatically surrendered (disposed) at $99.99 per share, totaling $180,682. The net number of shares delivered to Melucci after withholding was 2,659 shares (4,466 vested − 1,807 withheld).

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-02 (timely filing).
• Conversion/exercise entries: 4,466 shares @ $0.00 (reported as M — exercise/conversion of derivative/RSUs).
• Tax withholding/disposition: 1,807 shares @ $99.99 = $180,682 (reported as F — shares surrendered to satisfy tax obligations).
• Net shares retained from this vesting: 2,659 shares.
• Footnotes indicate these were vested RSUs paid out in shares and that the share surrender was automatic to cover tax withholding (see F1–F4; F3 describes the automatic surrender for taxes).
• Filing does not report total KMB holdings after this transaction; only the shares from this vesting event are detailed.

Context

• This was not an open‑market sale or purchase. The primary event was RSU vesting and conversion into shares; the only shares disposed were surrendered for tax withholding (a routine, non‑informational transaction).
• Exercise price $0.00 reflects conversion of RSUs (no cash payment to acquire the shares). The withholding is a common cashless mechanism and does not necessarily indicate a change in insider sentiment.