Director at Allison Transmission (NYSE: ALSN) granted dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Altmaier Judy L reported acquisition or exercise transactions in this Form 4 filing.
Allison Transmission Holdings Inc director Judy L. Altmaier received a grant of 54 Dividend Equivalent Rights tied to previously awarded deferred stock units. Each right is economically equivalent to one share of Allison Transmission common stock. Following this award, she holds 1,377 Dividend Equivalent Rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Altmaier Judy L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 54 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 1,377 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Allison Transmission (ALSN) report for Judy L. Altmaier?
Allison Transmission reported that director Judy L. Altmaier received a grant of 54 Dividend Equivalent Rights. These were awarded as a derivative acquisition and relate to previously granted deferred stock units, as disclosed in the Form 4 filing.
How many Dividend Equivalent Rights does the Allison Transmission (ALSN) director now hold?
After the latest grant, Judy L. Altmaier holds 1,377 Dividend Equivalent Rights. This total reflects her position in these derivative instruments following the 54-right award reported in the Form 4 filing for Allison Transmission Holdings Inc.
What are Dividend Equivalent Rights in the Allison Transmission (ALSN) Form 4?
Dividend Equivalent Rights are instruments that accrue on previously awarded deferred stock units and vest proportionately with those units. Each right is the economic equivalent of one share of Allison Transmission common stock, according to the Form 4 footnote disclosure.
Was the Allison Transmission (ALSN) director’s Form 4 transaction a market purchase or sale?
The Form 4 shows a grant classified under transaction code “A,” described as a grant, award, or other acquisition. It does not represent an open-market purchase or sale, but a compensation-related derivative award of Dividend Equivalent Rights.
How do the Dividend Equivalent Rights at Allison Transmission (ALSN) vest?
The Dividend Equivalent Rights vest proportionately with the deferred stock units to which they relate. As those deferred stock units vest over time, the associated dividend equivalents follow the same schedule, according to the footnote in the Form 4 filing.