Larry J. Merlo has recently filed a Form 3 with the SEC, indicating that he holds no securities in Kimberly-Clark Corporation. This filing is significant as it underscores Merlo's responsibilities as a director at Kimberly-Clark and reflects the company's governance practices.

Background

Merlo is associated with Kimberly-Clark Corporation, a company primarily engaged in the manufacturing sector. The company is known for its production of converted paper and paperboard products, excluding containers and boxes. Kimberly-Clark is publicly traded under the ticker symbol KMB.

What the Filing Says

The filing, dated November 4, 2026, states that Merlo does not own any securities as of the reporting date of November 2, 2026. It details that Merlo is a director at Kimberly-Clark, which aligns with the company's ongoing governance and compliance measures.

Impact

This filing may affect stakeholders within Kimberly-Clark, including shareholders and board members, as it highlights the transparency expected from directors regarding their ownership stakes. The absence of reported securities may also signal Merlo's focus on his directorial duties rather than personal investment in the company.

What's Next

The filing does not say what happens next.

Details of Ownership

While Larry J. Merlo has reported no direct ownership of securities in Kimberly-Clark Corporation, the filing does indicate that he holds 10,504 restricted share units. These units are granted under the Kimberly-Clark Corporation Outside Directors' Compensation Plan and are payable on a 1-for-1 basis. Notably, these restricted share units cannot be sold or transferred until Merlo ceases to be a member of the Board of Directors.

Power of Attorney

The filing also includes a Power of Attorney document, which designates Jeffrey S. McFall and others as Merlo's attorneys-in-fact. This document allows them to execute and file Forms 3, 4, and 5 on his behalf, ensuring compliance with SEC regulations. It highlights the delegation of responsibilities to facilitate timely and accurate reporting of securities transactions.

Context of the Filing

This Form 3 filing is part of the regulatory requirements under the Securities Exchange Act of 1934, which mandates that directors disclose their ownership of securities. The absence of direct ownership may reflect Merlo's strategy or compliance with company policies regarding stock ownership.

What the Filing Does Not Include

The filing does not provide information regarding any future plans or intentions Merlo may have concerning his role or potential investments in Kimberly-Clark Corporation. Additionally, it does not disclose any transactions or changes in ownership that may occur after the reporting date.