Torres Russell 4

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.