Steven A. Cahillane - Oct 2, 2023 Form 4 Insider Report for KELLANOVA (K)

Role
Chairman, Pres. & CEO/Trustee, Director, 10%+ Owner
Signature
John Min, Attorney-in-Fact
Stock symbol
K
Transactions as of
Oct 2, 2023
Transactions value $
$0
Form type
4
Date filed
10/4/2023, 05:15 PM
Previous filing
Jul 6, 2023
Next filing
Oct 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding K Common 255K Oct 2, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding K Deferred Executive Compensation Units 13.9K Oct 2, 2023 Common 13.9K Direct F1, F2, F3
holding K Restricted Stock Units 38.7K Oct 2, 2023 Common 38.7K Direct F4, F5, F6
holding K Restricted Stock Units 38.7K Oct 2, 2023 Common 38.7K Direct F4, F6, F7
holding K Stock Option 289K Oct 2, 2023 Common 289K $50.18 Direct F6, F8
holding K Stock Option 332K Oct 2, 2023 Common 332K $51.23 Direct F6, F9
holding K Stock Option 276K Oct 2, 2023 Common 276K $57.96 Direct F6, F10
holding K Stock Option 259K Oct 2, 2023 Common 259K $61.62 Direct F6, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes dividends reinvested after January 1, 2023.
F2 According to the terms of the Executive Compensation Deferral Plan, each share of phantom stock units is the economic equivalent of one share of Kellogg common stock and may be paid only in stock following the last day of the reporting person's employment.
F3 According to the terms of the Executive Compensation Deferral Plan, each share of phantom stock units is the economic equivalent of one share of Kellogg common stock and may be paid only in stock following thelast day of the reporting person's employment.
F4 Each restricted stock unit represents a contingent right to receive one share of Kellogg common stock.
F5 The restricted stock units vest on February 17, 2026, the third anniversary of the grant date.
F6 On October 2, 2023, Kellanova (f/k/a Kellogg Company) ("Kellanova") completed a prorata spinoff distribution ("Distribution") of all of its shares of WK Kellogg Co. In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of September 29, 2023 by and between Kellanova and WK Kellogg Co, equity awards held by the Reporting Person, and where applicable, exercise prices, were equitably adjusted.
F7 The restricted stock units vest on February 18, 2025, the third anniversary of the grant date.
F8 The option vests in three equal annual installments beginning February 22, 2020.
F9 The option vests in three equal annual installments beginning February 19, 2022.
F10 The option vests in three equal annual installments beginning February 21, 2021.
F11 The option vests in three equal annual installments beginning February 16, 2019.