Urdaneta Nelson 4

What Happened

• Nelson Urdaneta, CFO of Kimberly‑Clark Corporation, received equity from vested restricted share units and related conversions on April 26, 2026 (total acquired: 22,440 shares at $0 per share). To satisfy tax-withholding obligations, 8,831 shares were automatically surrendered to the company (reported as disposals) for a combined value of $864,113 (1,333 shares at $97.85 = $130,434; 7,498 shares at $97.85 = $733,679). A separate derivative conversion of 3,387 shares was also reported as part of the transactions.

Key Details

• Transaction date: 2026-04-26; Filing date: 2026-04-28 (timely).
• Acquisitions: 19,053 shares (grant/award) and 3,387 shares (exercise/conversion) — total 22,440 shares acquired at $0 (RSU vesting/conversion).
• Withholding/surrenders: 1,333 shares and 7,498 shares surrendered at $97.85 to cover taxes (total $864,113).
• Net shares retained from this event: approximately 13,609 shares (22,440 acquired − 8,831 surrendered).
• Footnotes: awards include performance-based and time‑based restricted share units and include dividend accruals; some RSUs vest on a 30/30/40 schedule (see filing footnotes). The share surrenders represent automatic tax withholding (not open-market sales).
• Shares owned after transaction: not specified in the excerpt provided.

Context

• These transactions reflect RSU vesting and automatic share-withholding for taxes (a routine, administrative action). This is not an open-market sale indicating a change in investment view; rather, it’s common practice for companies to accept surrendered shares to satisfy an insider’s tax obligations on vested awards.