Carlisle director gets deferred stock unit award
Carlisle Companies director Sheryl Palmer reported acquiring 1 deferred stock unit as a grant tied to the company’s quarterly dividend.
Rhea-AI Filing Summary
Carlisle Companies director Sheryl Palmer reported acquiring 1 deferred stock unit as a grant tied to the company’s quarterly dividend. Each deferred stock unit is economically equivalent to one share of Carlisle common stock and will be settled in cash when her service as a director ends.
Payment will be made either in a lump sum or in quarterly installments over ten years, based on the closing price of Carlisle’s common stock on each payment date. This filing reflects routine director compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each deferred stock unit is the economic equivalent of one share of the issuer's common stock. The deferred stock units become payable in cash upon the reporting person's termination of service as a director of the issuer, such payment to be made in a lump sum or in quarterly installments over ten years based upon the closing price of the issuer's common stock on the payment date.
- F2. Represents additional deferred stock units acquired as a result of the quarterly dividend declared and paid by the issuer.
FAQ
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What did Carlisle Companies (CSL) director Sheryl Palmer report on this Form 4?
What is a deferred stock unit in the Carlisle Companies (CSL) filing?
When will Sheryl Palmer receive payment for the Carlisle (CSL) deferred stock unit?
Why did Sheryl Palmer receive an additional deferred stock unit from Carlisle (CSL)?
Does this Carlisle (CSL) Form 4 show an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.