Torres Russell 4
4 · KIMBERLY CLARK CORP · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Kimberly‑Clark (KMB) President Torres Russell Receives RSU Award
What Happened
Torres Russell, President and COO of Kimberly‑Clark (KMB), had restricted share units (RSUs) vest on May 1, 2026. The Form 4 reports a grant/settlement of 17,610 shares (award/vesting). To cover tax withholding, 1,239 and 1,637 shares were surrendered at $97.67 each, generating cash value of $121,013 and $159,886 respectively (total $280,899). After withholding, the net shares delivered to Russell were 14,734, worth roughly $1.44 million at $97.67/share.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (filed within the normal Form 4 timeframe).
- Award/settlement: 17,610 shares recorded as a grant/award (code A, $0.00 per share).
- Conversions recorded: exercise/conversion of derivative security entries (codes M) for 4,158 and 3,146 shares (mechanics of RSU settlement).
- Tax withholding (code F): 1,239 shares ($121,013) and 1,637 shares ($159,886) surrendered at $97.67/share (total withheld = 2,876 shares; $280,899).
- Net shares received: 14,734 shares (17,610 − 2,876). Approximate market value of net shares at $97.67 ≈ $1.44M.
- Footnotes: RSUs vested and were paid in shares; some RSUs accrue based on dividends; vesting schedule noted as 30%/30%/40% over three years; automatic share surrender used to satisfy tax withholding.
- Shares owned after transaction: not specified in the provided filing.
Context
- This was not an open‑market buy or sell — it was the scheduled vesting/settlement of RSUs with automatic share withholding for taxes (a routine, non-transactional compensation event).
- Codes: A = award/grant, M = exercise/conversion of a derivative security (RSU conversion), F = payment of tax liability via share surrender.
- Such vesting/withholding transactions generally reflect compensation realization rather than an explicit bullish or bearish trade by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-01+4,158→ 86,024 total - Exercise/Conversion
Common Stock
[F1][F2]2026-05-01+3,146→ 89,170 total - Tax Payment
Common Stock
[F3]2026-05-01$97.67/sh−1,239$121,013→ 87,931 total - Tax Payment
Common Stock
[F3]2026-05-01$97.67/sh−1,637$159,886→ 86,294 total - Exercise/Conversion
Restricted Share Units 5/01/2024 (w/Dividends reinvested)
[F2][F1][F4]2026-05-01−3,146→ 4,196 total→ Common Stock (3,146 underlying) - Exercise/Conversion
Restricted Share Units 5/01/2025 (w/dividends reinvested)
[F2][F1][F4]2026-05-01−4,158→ 9,705 total→ Common Stock (4,158 underlying) - Award
Restricted Share Units 5/1/2026 (w/dividends reinvested)
[F2][F4]2026-05-01+17,610→ 17,610 total→ Common Stock (17,610 underlying)
Footnotes (4)
- [F1]Represents restricted share units that have vested and are paid out in shares of common stock. Includes restricted share units which were accrued based on dividends paid on the Corporation's common stock.
- [F2]Restricted share units payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation Equity Participation Plan. Additional restricted share units are accrued based on dividends paid on the Corporation's common stock.
- [F3]This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units to satisfy the reporting person's tax withholding obligations.
- [F4]The restricted share units vest 30 percent on each of the first and second anniversaries of the grant date and the remaining 40 percent on the third anniversary of the grant date.