Beaufils Ludovic 4

What Happened

• Ludovic Beaufils (EP, KASA, WHR LAR & Global IT) had 795 restricted stock units (RSUs) vest and convert into 795 shares on March 1, 2026 (reported on a Form 4 filed March 3, 2026). Of those shares, 259.787 were withheld to cover tax withholding at $69.13 per share, generating a cash value of $17,959. Net shares received by Beaufils were approximately 535.213 shares. The conversion is reported as an exercise/conversion of a derivative (Form 4 code M) with the withholding shown as code F.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (within the normal reporting window).
• Converted/received: 795 shares (M) at $0.00 (RSU conversion).
• Withheld/disposed for taxes: 259.787 shares (F) at $69.13 = $17,959.
• Net shares added: ~535.213 shares (795 − 259.787).
• Footnote: These RSUs were granted Feb 17, 2025 under the Whirlpool Omnibus Stock and Incentive Plan; remaining RSUs vest on March 1, 2027 and March 1, 2028 (exempt under Rule 16b‑3).
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• This was an award/vesting event (RSU conversion) rather than an open‑market purchase or a discretionary sale. The withholding of 259.787 shares to cover taxes is a standard administrative action (not necessarily a bearish signal) and is reported as a disposition on the Form 4.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion here), F = shares withheld to satisfy tax withholding.