Director at Quest Diagnostics (DGX) awarded 1,142 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics director Timothy M. Ring received an award of 1,142 restricted stock units of common stock, classified as a grant or other acquisition with no cash price per share. After this award, he directly holds 31,140 shares, including shares acquired through dividend reinvestment under the Amended and Restated Deferred Compensation Plan for Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RING TIMOTHY M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,142 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,140 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units. The amount includes shares acquired via dividend reinvestment since the date of reporting person's last filing on Form 4 pursuant to the Amended and Restated Deferred Compensation Plan for Directors.
Key Figures
RSU award size: 1,142 shares
Post-transaction holdings: 31,140 shares
Transaction price: $0.00 per share
+1 more
4 metrics
RSU award size
1,142 shares
Restricted stock units of common stock granted to director Timothy M. Ring
Post-transaction holdings
31,140 shares
Common shares directly held by Timothy M. Ring after the award
Transaction price
$0.00 per share
Reported price for the RSU grant, indicating a compensation award
Acquire transactions
1 transaction
Single grant/award acquisition reported in the Form 4
Key Terms
restricted stock units, dividend reinvestment, Deferred Compensation Plan for Directors
3 terms
restricted stock units financial
"Represents an award of restricted stock units."
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.
dividend reinvestment financial
"The amount includes shares acquired via dividend reinvestment since the date"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Deferred Compensation Plan for Directors financial
"pursuant to the Amended and Restated Deferred Compensation Plan for Directors."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
FAQ
What insider transaction did Quest Diagnostics (DGX) report for Timothy M. Ring?
Quest Diagnostics reported that director Timothy M. Ring received an award of 1,142 restricted stock units of common stock. This is a compensation-related grant, not an open-market trade, and increases his directly held position in the company’s shares.
Was the Quest Diagnostics (DGX) Form 4 a stock purchase or a grant?
The Form 4 reflects a grant or award acquisition, not an open-market stock purchase. Timothy M. Ring received 1,142 restricted stock units of Quest Diagnostics common stock at a reported transaction price of $0.00 per share as part of director compensation.
Does the Quest Diagnostics (DGX) Form 4 involve any stock sales by Timothy M. Ring?
No stock sales are reported in this Form 4. The filing shows only one acquisition transaction, an award of 1,142 restricted stock units. The transaction summary lists no sell trades, tax-withholding dispositions, or other share dispositions for the reporting date.