Torres Russell 4

What Happened

• Russell Torres, President and Chief Operating Officer of Kimberly‑Clark Corporation, received a grant/award of 21,169 restricted share units and had 3,763 derivative units converted on April 26, 2026. Several share surrenders were reported to cover tax withholding: 1,481 shares and 8,331 shares were surrendered at $97.85 each, totaling $960,104. The awards and conversions were recorded at $0 acquisition price (typical for vested RSUs).

Key Details

• Transaction date: April 26, 2026; Form 4 filed April 28, 2026 (timely).
• Awards/Conversions: 21,169 shares (grant/award) @ $0.00; 3,763 derivative shares converted @ $0.00.
• Tax withholding (surrenders): 1,481 shares @ $97.85 = $144,916; 8,331 shares @ $97.85 = $815,188; combined = $960,104.
• Footnotes indicate these were restricted share units (RSUs) and performance-based RSUs that vested and were paid in shares; some shares were automatically surrendered to the issuer to satisfy tax withholding obligations (cashless withholding).
• Shares owned after the transaction: not specified in the filing.

Context

• This appears to be a routine compensation event: RSUs vested and were paid out in shares, with a portion automatically surrendered to cover taxes (not an open‑market sale). Such automatic surrenders are common and do not necessarily signal the insider’s view of the company’s prospects.