Whirlpool (WHR) CEO Bitzer logs bona fide stock gifts during equity lock-up
Rhea-AI Filing Summary
Whirlpool Corporation’s chairman and CEO Marc R. Bitzer reported indirect gifts of common stock through family-related trusts. Trusts for his benefit and for immediate family members each transferred 3,110 shares of Whirlpool common stock as bona fide gifts on March 3, 2026, with no sale proceeds.
After these gifts, one trust held 46,031.419 shares, and trusts for immediate family members held 13,227 shares, plus separate indirect holdings of 150,000 shares and 9,129.81 shares in a 401(k) stock fund. The filing notes these estate-planning transfers were permitted under existing lock-up agreements related to recent Whirlpool equity offerings.
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Insights
Whirlpool’s CEO reported estate-planning stock gifts under an existing lock-up, not open-market sales.
The filing shows Marc R. Bitzer, via family-related trusts, made bona fide gifts totaling 3,110 shares from a trust for his benefit and another 3,110 shares from trusts for immediate family members. These are coded as gifts, with a per-share price of 0.0000.
A footnote explains the transfers comply with lock-up agreements tied to recent Whirlpool equity offerings and are allowed for estate planning during the lock-up period. Post-transaction, indirect holdings include 46,031.419 shares, 13,227 shares, an additional 150,000 shares in family trusts, and 9,129.81 shares in a 401(k) stock fund.
The activity reflects internal ownership reallocation rather than market buying or selling. Subsequent company filings may update indirect holdings if further estate-planning transfers occur under these lock-up arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,110 | $0.00 | -- |
| Gift | Common Stock | 3,110 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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FAQ
What insider stock transactions did Whirlpool (WHR) report for Marc R. Bitzer?
Whirlpool reported that Marc R. Bitzer, through family-related trusts, made bona fide gifts of common stock. One trust for his benefit and trusts for immediate family members each transferred 3,110 shares on March 3, 2026, with no proceeds, as part of permitted estate-planning activity.
Were the recent Marc Bitzer Whirlpool (WHR) transactions stock sales or gifts?
The reported insider transactions were gifts, not sales. They were coded as bona fide gifts of 3,110 shares from a trust for Marc Bitzer and 3,110 shares from trusts for immediate family members, all at a reported price of $0.0000 per share.
Why were the Whirlpool (WHR) insider gifts allowed during a lock-up period?
The filing explains the gifts comply with lock-up agreements linked to recent Whirlpool equity offerings. Those agreements specifically permit bona fide estate-planning transfers during the lock-up period, allowing the reported trust-to-beneficiary gifts without breaching the restrictions.
Does the Marc Bitzer Form 4 for Whirlpool (WHR) indicate market selling pressure?
The Form 4 does not show market sales. It reports bona fide gifts of Whirlpool common stock via family-related trusts at a price of $0.0000 per share, meaning the transactions are estate-planning transfers rather than open-market selling activity.