Carlisle (CSL) director receives 23 fully vested dividend RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ricard Corrine D. reported acquisition or exercise transactions in this Form 4 filing.
Carlisle Companies Inc. director Corrine D. Ricard received 23 restricted stock units tied to the company’s quarterly dividend. These units were granted at no cash cost and each restricted stock unit represents the right to receive one share of common stock.
The restricted stock units were fully vested on the grant date. The vested shares will be delivered to Ricard after her service as a director ends. Following this dividend-related grant, she holds a total of 7,121 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ricard Corrine D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 7,121 shares (Direct, null)
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.
Key Figures
RSUs granted: 23 restricted stock units
RSUs after transaction: 7,121 restricted stock units
Underlying shares ratio: 1 share per RSU
+1 more
4 metrics
RSUs granted
23 restricted stock units
Dividend-equivalent grant on Carlisle quarterly dividend
RSUs after transaction
7,121 restricted stock units
Total restricted stock units held directly after grant
Underlying shares ratio
1 share per RSU
Each restricted stock unit equals one common share
Transaction code
A (Grant, award, or other acquisition)
Characterizes RSU award as an acquisition transaction
Key Terms
Restricted Stock Units, quarterly dividend, fully vested, termination of service
4 terms
Restricted Stock Units financial
"Represents additional restricted stock units acquired as a result of the quarterly dividend"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
quarterly dividend financial
"acquired as a result of the quarterly dividend declared and paid by the issuer"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
fully vested financial
"The restricted stock units were fully vested on the date of grant"
termination of service financial
"shares will be delivered to the reporting person upon the reporting person's termination of service as a director"
FAQ
What insider transaction did Carlisle (CSL) director Corrine D. Ricard report?
Corrine D. Ricard reported receiving 23 restricted stock units linked to Carlisle’s quarterly dividend. These units were granted at no cash cost and increase her existing equity-based compensation position in the company.
How many Carlisle (CSL) restricted stock units does Corrine D. Ricard hold after this Form 4?
After this dividend-related grant, Corrine D. Ricard holds 7,121 restricted stock units directly. This total reflects the newly acquired 23 units plus her prior restricted stock unit holdings in Carlisle Companies.
Why did Corrine D. Ricard receive 23 additional restricted stock units from Carlisle (CSL)?
She received 23 additional restricted stock units as a result of Carlisle’s quarterly dividend. These represent dividend equivalents on her existing restricted stock units, aligning director compensation with shareholder dividend payments over time.
Are the newly reported Carlisle (CSL) restricted stock units for Corrine D. Ricard vested?
Yes. The filing states these restricted stock units were fully vested on the grant date. Although vested, the underlying common shares will only be delivered after her termination of service as a director of Carlisle.