Dividend-linked stock unit awards to Carlisle (NYSE: CSL) director
Rhea-AI Filing Summary
Carlisle Companies director Jesse G. Singh reported awards of additional equity-based units tied to the company’s quarterly dividend. He acquired 11 restricted stock units, each representing one share of common stock, bringing his restricted stock unit holdings to 4,041 units.
The restricted stock units were fully vested on the grant date and will be settled in shares when he leaves the board. He also acquired 9 deferred stock units, each economically equivalent to one share, bringing his deferred stock unit balance to 9 units. These deferred stock units will be paid in cash in a lump sum or quarterly over ten years after his board service ends, based on the stock’s closing price on each payment date. No open-market stock purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restriced Stock Units | 11 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 9 | $0.00 | -- |
Footnotes (1)
- Represents additional restricted stock units acquired as a result of the quarterly dividend declared and paid by the issuer. Each restricted stock unit represents a right to receive one share of the issuer's common stock. The restricted stock units were fully vested on the date of grant and the vested shares will be delivered to the reporting person upon the reporting person's termination of service as a director of the issuer. 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.