Atkore (ATKR) director adds 11.6 dividend units, holdings reach 22,170 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atkore Inc. director Michael V. Schrock reported an acquisition of 11.6018 shares of common stock in the form of dividend equivalent units credited on his unvested or deferred restricted stock units (RSUs). The units were awarded at a price of $0.0000 per share and are held directly.
Following this award, Schrock’s reported direct holdings increased to a total of 22,170.1227 shares of common stock, which includes unvested or deferred RSUs and amounts accrued as dividend equivalent units on those RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHROCK MICHAEL V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11.602 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,170.123 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 Michael Schrock report?
Michael V. Schrock reported acquiring 11.6018 shares of Atkore common stock as dividend equivalent units on unvested or deferred RSUs. These units reflect dividends credited in share form rather than cash and are treated as an additional stock-based award.
What are dividend equivalent units in the Atkore (ATKR) Form 4 filing?
Dividend equivalent units are additional share units credited in lieu of cash dividends on unvested or deferred RSUs. In this filing, 11.6018 such units were added to Michael Schrock’s holdings, increasing both his RSU-based position and total reported share balance.
Does the Atkore (ATKR) Form 4 indicate a market buy or sell by Michael Schrock?
The Form 4 does not show a market buy or sell; it records a grant-type acquisition. The 11.6018 shares were received as dividend equivalent units on existing RSUs, classified as a grant, award, or other acquisition rather than an open market trade.