Dividend-equivalent RSU units boost Atkore (ATKR) director Edmonds’ holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atkore Inc. director Franklin S. Edmonds Jr. reported an acquisition of 14.3199 shares of common stock in the form of dividend equivalent units credited on unvested or deferred restricted stock units (RSUs). Following this grant, his directly held common stock and related RSU-based units total 2,822.3199 shares, including unvested or deferred RSUs and accrued dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edmonds Franklin S. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14.32 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,822.32 shares (Direct)
Footnotes (1)
- Represents dividend equivalent units accrued on unvested or deferred restricted stock units ("RSUs"). Includes unvested or deferred restricted stock units ("RSUs") and amounts accrued for dividend equivalent units on such RSUs.
FAQ
What insider transaction did Atkore (ATKR) director Franklin S. Edmonds Jr. report?
Director Franklin S. Edmonds Jr. reported acquiring 14.3199 Atkore common shares as dividend equivalent units on unvested or deferred RSUs. This is a non-cash grant that increases his equity-based interests tied to restricted stock unit awards.
Was the Atkore (ATKR) director’s Form 4 transaction a market purchase or sale?
The Form 4 reports an acquisition through a grant, not a market trade. The 14.3199 shares represent dividend equivalent units credited on existing unvested or deferred RSUs, with a reported price per share of 0.0000, indicating a non-cash award.
What are dividend equivalent units in the Atkore (ATKR) director’s Form 4?
Dividend equivalent units are additional units credited on unvested or deferred RSUs to reflect dividends paid on common stock. In this filing, 14.3199 such units accrued to Franklin S. Edmonds Jr., increasing the units tied to his restricted stock awards.
Does the Atkore (ATKR) Form 4 mention unvested or deferred RSUs for the director?
Yes. The footnotes state that the reported holdings include unvested or deferred RSUs and amounts accrued for dividend equivalent units on those RSUs. This clarifies that part of the director’s reported share total is subject to vesting or deferral conditions.