Allison Transmission (NYSE: ALSN) director receives 1,503 deferred stock units
Rhea-AI Filing Summary
EVERITT DAVID C reported acquisition or exercise transactions in this Form 4 filing.
Allison Transmission Holdings Inc director David C. Everitt received a grant of deferred stock units as part of his annual board compensation. He was awarded 1,503 deferred stock units, each economically equivalent to one share of common stock, based on a closing share price of $123.02 on the grant date.
Following this grant, Everitt holds 36,131 deferred stock units directly. These units vest at the next annual stockholder meeting and become payable in common stock or, at the company’s election, cash upon his separation from service or a change in control, and they earn dividend equivalents while outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
EVERITT DAVID C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,503 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 36,131 shares (Direct)
Footnotes (4)
- F1. The deferred stock units ("DSUs") represent the portion of the reporting person's annual equity award under the Allison Transmission Holdings, Inc. (the "Company") Ninth Amended and Restated Non-Employee Director Compensation Policy deferred pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan.
- F2. Each DSU is the economic equivalent of one share of the Company's common stock. The DSUs become payable, in common stock, or at the Company's election cash, at the earlier of the reporting person's separation from service or a change in control. DSUs earn dividend equivalents when dividends are declared on the Company's common stock.
- F3. The DSUs vest on the date of the next annual meeting of the stockholders of the Company.
- F4. The number of DSUs received was calculated based on $123.02, which was the closing price of the Company's common stock on the date of grant.
Key Figures
Deferred stock units granted: 1,503 units
Total DSUs after grant: 36,131 units
Reference share price: $123.02
+1 more
4 metrics
Deferred stock units granted
1,503 units
Annual equity award in deferred stock units
Total DSUs after grant
36,131 units
Deferred stock unit holdings following transaction
Reference share price
$123.02
Closing price used to calculate number of DSUs
Conversion ratio
1 DSU : 1 share
Each DSU economically equals one share of common stock
Key Terms
Deferred Stock Units, dividend equivalents, change in control, Non-Employee Director Deferred Compensation Plan
4 terms
Deferred Stock Units financial
"The deferred stock units ("DSUs") represent the portion of the reporting person's annual equity award..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"DSUs earn dividend equivalents when dividends are declared on the Company's common stock."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
change in control financial
"payable ... at the earlier of the reporting person's separation from service or a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Non-Employee Director Deferred Compensation Plan financial
"deferred pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Allison Transmission (ALSN) director David C. Everitt report on this Form 4?
David C. Everitt reported receiving 1,503 deferred stock units as part of his annual equity compensation. These units are tied to Allison Transmission’s common stock and increase his total deferred stock unit holdings to 36,131 following the transaction.
How many deferred stock units did the Allison Transmission (ALSN) director receive and at what reference price?
David C. Everitt received 1,503 deferred stock units, calculated using a reference price of $123.02, the closing price of Allison Transmission’s common stock on the grant date. Each unit is economically equivalent to one share of common stock.
When do the Allison Transmission (ALSN) deferred stock units granted to the director vest?
The deferred stock units granted to David C. Everitt vest on the date of Allison Transmission’s next annual meeting of stockholders. Vesting means the award becomes non-forfeitable, although payment occurs later under the plan’s payout rules.
How and when are the Allison Transmission (ALSN) deferred stock units paid out?
Each deferred stock unit becomes payable in common stock, or cash at the company’s election, at the earlier of David C. Everitt’s separation from service or a change in control. This structure defers compensation until a key future event.
Do Allison Transmission (ALSN) deferred stock units earn dividends for the director?
Yes. The deferred stock units earn dividend equivalents whenever Allison Transmission declares dividends on its common stock. These dividend equivalents mirror regular dividends economically, increasing the overall value of the director’s deferred holding over time.
How large is David C. Everitt’s total deferred stock unit position in Allison Transmission (ALSN) after this grant?
After receiving 1,503 new deferred stock units, David C. Everitt holds a total of 36,131 deferred stock units directly. This figure reflects his cumulative deferred equity awards under the company’s non-employee director compensation and deferral plans.