Carlisle director Sheryl Palmer awarded stock units
Palmer Sheryl reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Palmer Sheryl reported acquisition or exercise transactions in this Form 4 filing.
Carlisle Companies director Sheryl Palmer received equity-based compensation in the form of common stock and deferred stock units. She was granted 505 shares of common stock at no cost for her services as a director, bringing her direct common stock holdings to 1,078 shares.
Palmer was also granted 43 Deferred Stock Units, each economically equivalent to one share of Carlisle common stock, based on a reference price of $357.06 per unit. These units will be paid out in cash after her board service ends, either in a lump sum or in quarterly installments over ten years, using the closing stock price on each payment date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 43 | $357.06 | $15K |
| Grant/Award | Common Stock | 505 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents a grant of restricted shares from the issuer for services as a director of the issuer.
- F2. 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 on the closing price of the issuer's common stock on the payment date.
- F3. Represents a grant of units from the issuer for services as a director of the issuer.
Key Figures
Key Terms
Deferred Stock Units financial
economic equivalent financial
lump sum financial
quarterly installments financial
FAQ
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What did Carlisle (CSL) director Sheryl Palmer report in this Form 4?
What are the Deferred Stock Units granted to Carlisle (CSL) director Sheryl Palmer?
When and how will Sheryl Palmer’s Carlisle (CSL) Deferred Stock Units be paid?
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