ESCO director receives dividend-linked RSU grant
Hess Janice L. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Hess Janice L. reported acquisition or exercise transactions in this Form 4 filing.
ESCO Technologies Inc. director Janice L. Hess received a small grant of additional Restricted Share Units (RSUs) linked to dividend payments. The award covers 0.2506 RSUs, each economically equivalent to one share of common stock, bringing her directly held RSU balance to 986.7601 units.
The RSUs were issued in lieu of cash dividends on RSUs she already holds. Portions related to unvested shares will be paid in common stock or cash when those underlying shares vest or are distributed, while remaining RSUs are settled in common stock when her board service ends or at a designated time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 0.2506 | $314.92 | $78.92 |
Footnotes (1)
- F1. Restricted Share Units (RSUs) issued in lieu of cash dividends on the RSUs held by the reporting person on the payment date. Each RSU is the economic equivalent of one share of Common Stock. A portion of the RSU representing dividends on unvested shares becomes payable in Common Stock and/or cash when the underlying shares vest, or concurrently with the distribution of the underlying shares if the reporting person has so designated. Any remaining RSUs become payable in common stock upon, or at the election of the reporting person in installments beginning upon, the termination of the reporting person's service as a director or such earlier time as the reporting person may have designated.
Key Figures
Key Terms
RSUs financial
economic equivalent financial
common stock financial
FAQ
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What insider transaction did ESCO Technologies (ESE) report for Janice L. Hess?
Why did ESCO Technologies issue 0.2506 RSUs to Janice L. Hess?
When do the new ESCO Technologies RSUs for Janice L. Hess become payable?
Are the ESCO Technologies RSUs granted to Janice L. Hess the same as common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.