Urdaneta Nelson 4

What Happened

• Nelson Urdaneta, Chief Financial Officer of Kimberly‑Clark (KMB), had restricted share units/derivatives convert into common stock and received a grant payout on May 1, 2026. The filing shows conversion/exercise entries for 3,384 and 3,337 share lots (derivative conversions at $0.00) and a grant/award of 14,334 shares.
• To satisfy tax withholding, 1,314 and 1,332 shares were automatically surrendered at $97.67 per share (total withholding value reported: $128,338 and $130,096; combined = $258,434). These were recorded as "Payment of exercise price or tax liability."

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026.
• Conversion/Exercise price(s): $0.00 for the derivative conversions (code M). Tax-withholding surrender price: $97.67 per share (code F).
• Shares surrendered for tax withholding: 1,314 + 1,332 = 2,646 shares; withholding value = $258,434.
• Shares awarded/received: 14,334 shares (grant/award, code A); plus conversion entries of 3,384 and 3,337 shares (derivative conversions).
• Shares owned after the transactions: not specified in the provided filing details.
• Relevant footnotes: F1/F2 indicate these are restricted share units paid in common stock (including accrued dividend-based RSUs); F3 confirms automatic surrender of shares to satisfy tax withholding; F4 describes standard RSU vesting schedule (30% / 30% / 40% over three years).
• Filing timeliness: Form filed May 4, 2026 reporting May 1 transactions (timing noted; no late-filing flag provided).

Context

• These transactions reflect RSU vesting/conversion and automatic share withholding for taxes rather than an open‑market sale. Code M indicates conversion/exercise of derivative awards; code F denotes shares surrendered to cover tax obligations—common practice and not necessarily a signal of personal trading intent.
• For retail investors, award vesting and share-surrender withholding are routine equity‑compensation events. They differ from purchases (more bullish signal) or voluntary sales (which can reflect liquidity or sentiment).