Notes:

Reg. (S)240.14a-101

SEC 1913 (3–99)

Notice Of 2023 Annual Meeting Of Stockholders

The 20202023 annual meeting of stockholders ofWHIRLPOOL CORPORATIONwill be held on Tuesday, April 21, 2020,18, 2023, at 8:00 a.m., Chicago time,Central Time, at 331 North LaSalle, Chicago, Illinois, for the following purposes:

A list of stockholders entitled to vote at the meeting will be available for examination by any stockholder for any purpose relevant to the meeting during ordinary business hours for at least ten days prior to April 21, 2020, at Whirlpool Corporation’s Global Headquarters, 2000 NorthM-63, Benton Harbor, Michigan 49022-2692 and also during18, 2023. Please email corporate_secretary@whirlpool.com if you wish to examine the stockholder list prior to the annual meeting. Our top priority is to protect the health and well-being of our stockholders, employees, and the general public. In the event we determine it is necessary or appropriate to hold the meeting by remote communication, we will announce this decision in advance, and details will be posted on the Investor Relations section of our company website and filed with the Securities and Exchange Commission.

By Order of the Board of Directors,

BRIDGET K. QUINN

AssistantDeputy General Counsel and Corporate Secretary

March 6, 20208, 2023

Important Notice Regarding the Availability of Proxy Materials for

the Annual Meeting of Stockholders to be Held on April 21, 202018, 2023

This Proxy Statement and the Accompanying Annual Report are Available at:

https://investors.whirlpoolcorp.com/financial-information/annual-reports-and-proxy-statements/

TABLE OF CONTENTSTable of Contents

We currently have 14 directors on the Board. Directors who are elected will serve until our next annual meeting of stockholders and stand forre-election annually. Each of the nominees below has consented to be a nominee named in this proxy statement and to serve if elected. Messrs. Johnston and Perez will not be standing forre-election at the annual meeting of stockholders. The Board recommends a voteFOR the election of each of the director nominees below.

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The following directors aredirector is not standing for re-electionre-election:

MICHAEL F. JOHNSTON GARY T. DICAMILLO
		Mr. Johnston,DiCamillo, 72, has been a director since 1997. He has been a Partner at Eaglepoint Advisors, LLC, a turnaround, restructuring, and strategic advisory firm, since 2010. He also served as President and Chief Executive Officer of Universal Trailer Corporation from 2017 to January 2020. Prior to joining Eaglepoint Advisors, LLC, Mr. DiCamillo was President and Chief Executive Officer of Advantage Resourcing, a professional and commercial staffing company, from 2002 until 2009. From 1995 to 2002, Mr. DiCamillo served as Chairman and Chief Executive Officer of Polaroid Corporation. Mr. DiCamillo has served as a directorthe Lead Director of Purple Innovation, Inc. since 2003. Mr. Johnston retired from Visteon Corporation, an automotive components supplier, in 2008. At Visteon, he served as Chairman of the Board2019 and Chief Executive Officer, President, and Chief Operating Officer at various times since 2000. Before joining Visteon, Mr. Johnston held various positions in the automotive and building services industry. Mr. Johnston is also a director of Armstrong Flooring, Inc.Purple (formerly known as Global Partner Acquisition Corp.) since 20162015, and DoverUniversal Trailer Corporation since 2013, andfrom 2011 to 2020. He previously served as a director of Armstrong World Industries,Pella Corporation from 1993 to 2007 and 2010 to 2018; the Sheridan Group, Inc. from 20101989 to 2016,2017; and Flowserve Corporation from 1997 to 2013. •Committees:Audit; Human Resources (chair)

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Board of Directors and Corporate Governance

BOARD OF DIRECTORS AND COMMITTEES

During 2019,2022, our Board met sixeight times and had four committees. The committees consisted of an Audit Committee, a Corporate Governance and Nominating Committee, a Human Resources Committee, and a Finance Committee. Each committee may form subcommittees and delegate certain actions to those subcommittees. Each director attended at least 75% of the total number of meetings of the Board and the Board committees on which he or she served. All directors properly nominated for election are expected to attend the annual meeting of stockholders. In 2019,2022, all of our directors attended the annual meeting.meeting of stockholders.

The table below lists the number of times each committee met in 2019,2022, the major responsibilities and 20192022 accomplishments of each committee, and the current membership for each committee.

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Director IndependenceDIRECTOR INDEPENDENCE

The Corporate Governance and Nominating Committee conducts an annual review of the independence of the members of the Board and its committees, and reports its findings to the full Board. ThirteenTwelve of our 1413 directors arenon-employee directors (all except Mr. Bitzer). Our new director nominee, Ms. LaClair, also has no employment relationship with Whirlpool. The Board has adopted the New York Stock Exchange (“NYSE”)(NYSE) listing standards for evaluating director independence, but has not adopted any other categorical standards of materiality for independence purposes. When assessing director independence, the Board considers the various transactions and relationships known to the Board (including those identified through annual director questionnaires) that exist between Whirlpool and the entities with which our directors or members of their immediate families are, or have been, affiliated. For 2019,2022, the Committee evaluated certain transactions that arose in the ordinary course of business between Whirlpool Corporation and such entities and which did not exceed the thresholds provided under the NYSE listing standards. Information provided by the directors new director nominee, and Whirlpool did not indicate any relationships (e.g., commercial, industrial, banking, consulting, legal, accounting, charitable, or familial) that would impair the independence of any of thenon-employee directors or new director nominee. directors. Based on the report and recommendation of the Corporate Governance and Nominating Committee, the Board has determined that each of its non-employee directors and new director nominee satisfy the independence standards set forth in the listing standards of the NYSE.

Committee Member Independence and ExpertiseCOMMITTEE MEMBER INDEPENDENCE AND EXPERTISE

Each Board committee is comprisedcomposed solely of independent directors who meet the independence standards under the NYSE listing standards.

In addition, the Audit Committee members all meet the enhanced independence standards for audit committee members set forth in the NYSE listing standards (which incorporates the standards set forth in the rules of the Securities and Exchange Commission (“SEC”))(SEC). The Board has determined that each member of the Audit Committee satisfies the financial literacy qualifications of the NYSE listing standards, and that Mr. White, the Audit Committee Chair, and Mr. DiCamillo, the prior Audit Committee Chair, qualify under the “audit committee financial expert” criteria established by the SEC and have accounting and financial management expertise as required under the NYSE listing rules.

Similarly, the Human Resources Committee members all meet the enhanced independence standards for compensation committee members under the NYSE listing standards (which incorporates the standards set forth in the rules of the SEC), and qualify as “outside“non-employee directors” for purposes of compensation intended to be grandfathered under Section 162(m) of the Internal Revenue Code, and as“non-employee directors” for purposes of Rule16b-3 under the Securities Exchange Act of 1934. For information about the Human Resources Committee’s processes for establishing and overseeing executive compensation, refer to “Compensation Discussion and Analysis – Role of the Human Resources Committee.”Committee” below.

Board Leadership StructureCorporate Governance

As noted above, our Board is currently comprised of thirteen independent directors and one employee director.BOARD LEADERSHIP STRUCTURE

The Board regularly evaluates our Board leadership structure to ensure that it servesoperates effectively in the current environment, recognizing that organizational needs may change over time. Currently, each of our directors, other than the Chairman and CEO, is independent, and each of our Board committees is composed entirely of independent directors. Our independent directors have direct access to members of senior management, and meet in executive session at each board and committee meeting. They are experienced, objective, and well-equipped to exercise oversight over management and represent the interests of our stockholders. We recognize that differentshareholders. At the present time, the Board leadership structures may be appropriate for companies in different situations and believe that no one structure is suitable for all companies. The Board of Directors believes that the Boardjoint leadership structure, withof a unifiedcombined Chairman and CEO and an independent Presiding Director with significant responsibilities is the optimal for Whirlpool because it demonstrates to our employees, suppliers, customers,leadership structure.

The Board has determined that combining the Chairman and other stakeholders that Whirlpool is under strong leadership, with a single person setting the tone and having primary responsibility for managing our operations. Having a single leader for both Whirlpool and the Board eliminates the potential for confusion or duplication of efforts, andCEO positions provides clear and consistent leadership for Whirlpool.on our strategic imperatives and operating priorities, and ensures that the Board’s oversight of risk is appropriately informed and focused. In addition, Mr. Bitzer’s unique expertise and experience,knowledge of the business, having served Whirlpool for over 20 years in positions of increasing responsibility globally, contributes significantly to how the Board guidesoversees our strategy.strategy and risk management.

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Since 2003,Our Board leadership is further enhanced by the Board has designated onerole of the independent directorsPresiding Director. Mr. Allen has served as Presiding Director. We believe thatDirector since 2017, prior to Mr. Bitzer’s election as Chairman of the numberBoard, and through multiple business cycles as a director of independent, experienced directors that make up ourthe Company since 2010. The Board along withbelieves the independent oversight of our Presiding Director benefits Whirlpool and its stockholders. Mr. Allen is currently serving asprovides effective independent Board leadership in executing the Presiding Director.critical responsibilities set forth below.

Our Board conducts an annual evaluation in order to determine whether it and its committees are functioning effectively. As part of this annual self-evaluation, the Board evaluates whether the current leadership structure continues to be optimal for Whirlpool and its stockholders.shareholders. Every three years, an experienced third-party consultant conducts the evaluation and assessment process. Our Corporate Governance Guidelines provide the flexibility for our Board to modify or continue our leadership structure in the future, as it deems appropriate.

Strategy OversightSTRATEGY OVERSIGHT

Our Board is actively involved in overseeing reviewing, and guidingreviewing our corporate strategy, and the Board’s skills and experiences align towith our strategic objectives. The Board formally reviews strategy, including risks and opportunities facing Whirlpool, at an annual strategic planning meeting. In addition, long-range strategic issues including business performance and strategic fit, are discussed regularly at Board meetings. The Board regularly discusses strategy throughout the year with management and during executive sessions of the Board, as appropriate. In 2022, the Board oversaw the strategic review of our business portfolio, with a focus on portfolio transformation to a high-growth, high-margin business. The Board leveraged its members’ expertise in critical areas such as strategy, finance, global business operations and human capital management to provide effective oversight of our actions to meet our commitments to employees, trade customers, and consumers.

RISK OVERSIGHT