Dividend adds deferred stock unit for Carlisle (NYSE: CSL) director
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Palmer Sheryl
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 1 shares (Direct)
Footnotes (1)
- 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. Represents additional deferred stock units acquired as a result of the quarterly dividend declared and paid by the issuer.
FAQ
What did Carlisle Companies (CSL) director Sheryl Palmer report on this Form 4?
Sheryl Palmer reported the acquisition of 1 deferred stock unit as part of her director compensation. This unit was credited due to Carlisle’s quarterly dividend and is economically equivalent to one share of the company’s common stock, but will be paid in cash in the future.
What is a deferred stock unit in the Carlisle Companies (CSL) filing?
A deferred stock unit is an award economically equal to one Carlisle common share. Instead of receiving stock now, the director receives a cash payment later, calculated using the stock’s closing price on the future payment date, in either a lump sum or installments.
When will Sheryl Palmer receive payment for the Carlisle (CSL) deferred stock unit?
Payment becomes due when Sheryl Palmer’s service as a Carlisle director ends. At that time, the deferred stock unit is paid in cash, either all at once or in quarterly installments over ten years, using the stock’s closing price on each payment date.
Why did Sheryl Palmer receive an additional deferred stock unit from Carlisle (CSL)?
She received the additional deferred stock unit because Carlisle declared and paid a quarterly dividend. The unit reflects dividend-equivalent compensation, ensuring her deferred holdings track the dividend benefits associated with one share of Carlisle’s common stock over time.
Does this Carlisle (CSL) Form 4 show an open-market stock purchase or sale?
No, the Form 4 shows a grant of 1 deferred stock unit as compensation, not an open-market transaction. The award is tied to Carlisle’s quarterly dividend and will be settled in future cash payments based on the stock’s closing price at payment.