De Jong Kyle Peter 4

What Happened

• Kyle Peter De Jong, EVP & Chief Legal Officer of Whirlpool Corporation (WHR), had 902 derivative units convert to shares (codes M) on March 1, 2026. No exercise price was paid for the conversion ($0.00 per share).
• To cover tax liabilities (codes F), a total of 305.779 shares were surrendered/withheld at $69.13 per share for aggregate withholding of $21,139 (breakdown: 66.106 shares / $4,570; 92.547 shares / $6,398; 147.126 shares / $10,171).
• Net new shares retained by De Jong after withholding: 902 − 305.779 = 596.221 shares. These transactions are described as vesting/conversion of restricted stock units (RSUs) and are routine compensation events rather than open-market purchases or sales.

Key Details

• Transaction date: March 1, 2026. Form filed: March 3, 2026 (timely).
• Conversion entries recorded at $0.00 (M = exercise/conversion of derivative); withholding entries recorded at $69.13 (F = payment of tax liability).
• Total shares converted: 902 (195 + 273 + 434). Total shares withheld: 305.779; total cash withheld for taxes: $21,139.
• Shares owned after transaction: not specified in the reported Form 4 (filing shows the conversion and withholding but does not state total holdings after the event).
• Footnotes: F1–F3 indicate these were vestings of RSUs granted under the Whirlpool Omnibus Stock & Incentive Plan (grants dated Feb 20, 2023; Feb 19, 2024; Feb 17, 2025). Remaining RSUs from the 2024 and 2025 grants vest on future dates (notably March 1, 2027 and March 1, 2028) per the footnotes. Transactions are reported as exempt under Rule 16b-3 (standard for company-granted awards).
• Transaction codes explained: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (here, share withholding to cover taxes).

Context

• This was RSU vesting with a sell-to-cover/withholding for taxes — a common, administrative outcome of equity compensation. It should not be read as an open-market sale indicating a change in investment view.
• Because shares were withheld to pay taxes rather than sold on the open market by the insider, the event is primarily a compensation/tax event rather than directional insider trading.