Cleason Keith 4
Research Summary
AI-generated summary
Dow Inc. President Cleason Keith Receives Stock Awards
What Happened
- Cleason Keith, President, Packaging & Specialty Plastics at Dow Inc. (DOW), received stock awards on February 12, 2026 totaling 69,143 units: 2,023 restricted stock units (RSUs), 10,420 RSUs, and 56,700 performance share units (PSUs). Each award is recorded at $0.00 per share (standard for grants), so no cash changed hands at grant.
- These were awards/grants (transaction code A), not open-market purchases or sales. The PSU portion is performance-based (derivative) and settlement is subject to meeting performance criteria and continued employment.
Key Details
- Transaction date: February 12, 2026; reported on Form 4 filed February 17, 2026. The filing lists grant price as $0.00 for all items.
- Award breakdown: 2,023 RSUs; 10,420 RSUs; 56,700 PSUs (derivative).
- Shares owned after transaction: not specified in the filing (the filing notes the total includes previously reported RSUs).
- Notable footnotes from the filing:
- F1: PSUs were certified after performance determination and will be settled in one installment on or about Feb 26, 2026, subject to continued employment.
- F2: Certain RSUs to be delivered in one installment on or about Feb 12, 2029, subject to continued employment.
- F3: The reported total includes previously reported RSUs.
- F4: (Related note) an option referenced will vest in three equal annual installments beginning Feb 12, 2027; option shares to be used to satisfy withholding taxes.
- Timeliness: Form lists filing date Feb 17, 2026 for Feb 12 transactions; the filing itself does not state a timeliness flag.
Context
- These awards are grants (not purchases or sales). PSUs are performance-contingent and RSUs vest based on service—they do not represent immediate cash proceeds unless and until settled and/or sold.
- Recording $0.00 per share is normal for awards; the economic value depends on future vesting, performance results, and share price at settlement.
- For retail investors: awards indicate company compensation decisions but are not direct buy/sell signals.