Carlisle (CSL) Insider Filing: 20 RSUs Granted to Director via Dividend Program

Rhea-AI Filing Summary

Carlisle Companies (CSL) director Corrine D. Ricard received 20 restricted stock units (RSUs) on 09/02/2025 as a result of the issuer's quarterly dividend. Each RSU represents a right to one share and was granted with a $0 purchase price. The RSUs were fully vested on the grant date, but the underlying shares will be delivered to the reporting person only upon her termination of service as a director. After this grant, the reporting person beneficially owns 7,053 shares of Carlisle common stock on a direct basis. The Form 4 was filed by one reporting person and was signed by an attorney-in-fact.

Positive

• Acquisition of 20 RSUs indicates continued participation in the company's dividend-equivalent program
• RSUs fully vested on grant date, showing no further service-based vesting requirement

Negative

• Delivery of underlying shares is deferred until termination, so the RSUs do not increase immediate voting power
• Small size of grant (20 RSUs) is unlikely to be material to investors

Insights

Corporate Governance Expert

TL;DR: Small dividend-paid RSU grant vested immediately but with deferred delivery until departure; routine director compensation detail, immaterial to control.

This Form 4 discloses a customary equity award mechanism where quarterly dividends are paid in the form of additional RSUs. The immediate vesting indicates no service-based vesting requirement, but the delivery condition ties actual share receipt to termination, a common retention or administrative feature. The quantity is 20 RSUs, resulting in 7,053 direct shares post-transaction, which is small relative to typical board holdings and does not indicate a change in control or material insider accumulation.

Securities Analyst

TL;DR: A $0-priced issuance of 20 RSUs from dividend reinvestment increases direct beneficial ownership to 7,053 shares; no cash exchange occurred.

The filing shows a non-cash acquisition (transaction code A) of 20 RSUs attributed to the issuer's dividend program, with an indicated price of $0. The disclosure clarifies that each RSU equals one share and that delivery is deferred until the reporting person leaves the board. For investors reviewing insider activity, this is a routine, non-material equity compensation event rather than an opportunistic purchase or sale.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ricard Corrine D.

(Last) (First) (Middle)

C/O CARLISLE COMPANIES INCORPORATED

16430 N. SCOTTSDALE ROAD, SUITE 400

(Street)

SCOTTSDALE AZ 85254

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CARLISLE COMPANIES INC [ CSL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/02/2025		A		20(1)		(2)	(2)	Common Stock	20	$0	7,053	D

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Corrine D. Ricard by Ronald P. Fuss, attorney-in-fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Corrine D. Ricard report on Form 4 for CSL?

The Form 4 reports the acquisition of 20 restricted stock units (RSUs) on 09/02/2025 resulting from the issuer's quarterly dividend.

How many Carlisle (CSL) shares does the reporting person own after the transaction?

The reporting person beneficially owns 7,053 shares of Carlisle common stock following the reported transaction.

Did Corrine D. Ricard pay cash for the RSUs reported on Form 4?

No. The RSUs were reported with a $0 price and were granted as dividend-equivalent units.

Are the RSUs immediately deliverable as shares under the Form 4?

Although the RSUs were fully vested on the grant date, the underlying shares will be delivered only upon the reporting person's termination of service as a director.

Who signed the Form 4 filing for the reporting person?

The Form 4 was signed by Corrine D. Ricard by Ronald P. Fuss, attorney-in-fact on 09/02/2025.