Atmus (ATMU) supply chain chief receives 28,509 restricted stock units in long-term award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atmus Filtration Technologies reported that SVP and Chief Supply Chain Officer Kevin N. Carpenter received an equity award in the form of 28,509 shares of common stock. These are restricted stock units granted at no cash cost to him as part of Atmus' long-term incentive programs.
The award includes RSUs under the 2022 Omnibus Incentive Plan tied to the annual long-term incentive compensation program, which will vest in three equal tranches beginning on March 1, 2027, and a separate one-time long-term incentive award vesting in three equal tranches beginning on May 18, 2027. Each vested RSU will convert into one share of Atmus common stock, so Carpenter will own the shares only as they vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carpenter Kevin N
Role
SVP-Chief Supply Chain Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,509 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,509 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 28,509 shares
Transaction price per share: $0.0000
Total shares after grant: 28,509 shares
+2 more
5 metrics
RSUs granted
28,509 shares
Restricted stock units granted to SVP on transaction date
Transaction price per share
$0.0000
RSU grant price per share in Form 4
Total shares after grant
28,509 shares
Total common stock beneficially owned following transaction
First vesting start (annual LTI RSUs)
March 1, 2027
Annual long-term incentive RSUs vest in three tranches beginning on this date
First vesting start (one-time LTI RSUs)
May 18, 2027
One-time long-term incentive RSUs vest in three tranches beginning on this date
Key Terms
restricted stock units ("RSUs"), 2022 Omnibus Incentive Plan, annual long-term incentive compensation program, one-time long-term incentive award
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Atmus Filtration Technologies Inc."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Omnibus Incentive Plan financial
"RSUs granted under the Atmus Filtration Technologies Inc. ("Atmus") 2022 Omnibus Incentive Plan"
annual long-term incentive compensation program financial
"as part of (i) Atmus' annual long-term incentive compensation program, which RSUs will vest"
one-time long-term incentive award financial
"and (ii) a one-time long-term incentive award, which RSUs will vest"
FAQ
What insider transaction did Atmus Filtration Technologies (ATMU) report for Kevin N. Carpenter?
Atmus reported that SVP and Chief Supply Chain Officer Kevin N. Carpenter received 28,509 restricted stock units as an equity award. These RSUs were granted at no cash cost under the company’s 2022 Omnibus Incentive Plan as long-term incentive compensation.
How will Kevin Carpenter’s Atmus (ATMU) RSUs vest over time?
The RSUs will vest in two schedules: the annual long-term incentive portion vests in three equal tranches starting March 1, 2027, and the one-time long-term incentive portion vests in three equal tranches starting May 18, 2027, subject to continued service and plan terms.
What plan governs Kevin Carpenter’s restricted stock units in Atmus (ATMU)?
Carpenter’s restricted stock units were granted under the Atmus Filtration Technologies Inc. 2022 Omnibus Incentive Plan. This plan authorizes equity-based awards, including RSUs, as part of the company’s long-term incentive compensation structure for eligible employees and executives.
Does Kevin Carpenter pay a purchase price for his new Atmus (ATMU) RSUs?
No purchase price is shown for the 28,509 restricted stock units granted to Kevin Carpenter. The Form 4 lists a transaction price per share of 0.0000, reflecting that these RSUs are compensation-based equity awards rather than open-market share purchases.