Bitzer Marc R 4
4 · WHIRLPOOL CORP /DE/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Whirlpool CEO Marc Bitzer Receives RSU Award, Sells Shares for Taxes
What Happened
Marc R. Bitzer, Chairman and CEO of Whirlpool Corp (WHR), had 11,070 restricted stock units (RSUs) vest on March 1, 2026 and converted one-for-one into 11,070 shares (reported as exercise/conversion of a derivative at $0.00). To satisfy tax withholding, 3,166.021 of those shares were disposed at an average price of $69.13 for proceeds of approximately $218,867. Net shares retained from this vesting were 7,903.979.
Key Details
- Transaction date: March 1, 2026. Filing date: March 3, 2026 (timely Form 4 filing).
- Conversion: 11,070 shares acquired via RSU vesting (exercise/conversion code M) at $0.00 per share.
- Tax withholding: 3,166.021 shares disposed (code F) at $69.13 per share, totaling about $218,867.
- Net shares received: 11,070 − 3,166.021 = 7,903.979 shares.
- Footnote: These were RSUs granted Feb 17, 2025 under the Whirlpool Omnibus Plan; remaining RSUs vest and convert one-for-one on Mar 1, 2027 and Mar 1, 2028.
- Filing timeliness: No late filing indicated.
Context
This was a routine vesting of RSUs, not an open-market purchase or a speculative sale. The $0.00 exercise price reflects conversion of RSUs to shares rather than exercising stock options for cash. The disposed shares were withheld/sold to cover tax liabilities — a common administrative step that does not by itself indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+11,070→ 52,307.44 total(indirect: By Trust) - Tax Payment
Common Stock
2026-03-01$69.13/sh−3,166.021$218,867→ 49,141.419 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-01−11,070→ 0 total→ Common (11,070 underlying)
- 150,000(indirect: By Trust)
Common Stock
- 10,117(indirect: By Trust)
Common Stock
- 9,129.81(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Vesting of restricted stock units granted February 17, 2025, under the Whirlpool Corporation Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3. The remaining restricted stock units will vest in substantially equal installments and convert one-for-one to shares on March 1, 2027 and March 1, 2028.