Dividend rights granted to Allison (NYSE: ALSN) CFO Scott Mell
Rhea-AI Filing Summary
Mell Scott A reported acquisition or exercise transactions in this Form 4 filing.
Allison Transmission Holdings reported a routine compensation-related transaction for its CFO & Treasurer Scott A. Mell. He received a grant of 40 dividend equivalent rights, each economically equal to one share of common stock, bringing his holdings of these rights to 94, tied to previously awarded RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 40 | $0.00 | -- |
Footnotes (1)
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FAQ
What insider transaction did Allison Transmission (ALSN) report for Scott A. Mell?
Allison Transmission reported that CFO & Treasurer Scott A. Mell received a grant of 40 dividend equivalent rights. These rights are tied to previously awarded RSUs and represent routine equity-based compensation rather than an open-market purchase or sale of common stock.
What are the dividend equivalent rights granted in the ALSN Form 4 filing?
The filing shows 40 dividend equivalent rights were granted. According to the disclosure, each dividend equivalent right is the economic equivalent of one share of Allison Transmission common stock and accrues and vests proportionately with the underlying restricted stock units (RSUs).
How many dividend equivalent rights does the ALSN CFO hold after this transaction?
After the reported transaction, CFO & Treasurer Scott A. Mell holds a total of 94 dividend equivalent rights directly. These rights relate to previously granted RSUs and provide economic value similar to owning the same number of Allison Transmission common shares.
How do the ALSN dividend equivalent rights vest for the CFO’s award?
The disclosure states that the dividend equivalent rights accrue on previously awarded RSUs and vest proportionately with the RSUs to which they relate. This means their vesting schedule follows the same timeline as the underlying restricted stock unit awards.