ESCO Technologies (ESE) director receives dividend-equivalent RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESCO Technologies Inc. director David A. Campbell received a small grant of Restricted Share Units (RSUs) tied to dividends. On this date, he acquired 0.9219 RSUs, each economically equivalent to one share of Common Stock, at a reference value of $314.92 per unit.
The RSUs were issued in lieu of cash dividends on RSUs he already held and will generally be settled in Common Stock and/or cash when the underlying RSUs vest or, for remaining RSUs, upon or after his service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Campbell David A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 0.922 | $314.92 | $290.32 |
Holdings After Transaction:
Restricted Share Units — 3,629.997 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 0.9219 RSUs
Reference value per RSU: $314.92 per unit
Total RSUs after grant: 3,629.997 RSUs
3 metrics
RSUs granted
0.9219 RSUs
Dividend-equivalent grant to director on Restricted Share Units
Reference value per RSU
$314.92 per unit
Associated value for the granted RSUs
Total RSUs after grant
3,629.997 RSUs
Director’s RSU holdings following this transaction
Key Terms
Restricted Share Units, RSUs, Common Stock, dividends on unvested shares, +1 more
5 terms
RSUs financial
"Each RSU is the economic equivalent of one share of Common Stock"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Common Stock financial
"Each RSU is the economic equivalent of one share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
termination of the reporting person's service as a director financial
"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"
FAQ
What insider transaction did ESCO Technologies (ESE) report for David A. Campbell?
ESCO Technologies reported that director David A. Campbell acquired 0.9219 Restricted Share Units (RSUs). These RSUs were issued in lieu of cash dividends on RSUs he already held and are economically equivalent to shares of Common Stock, according to the Form 4 disclosure.
How many RSUs did David A. Campbell receive in this ESCO Technologies (ESE) Form 4?
David A. Campbell received 0.9219 Restricted Share Units in this transaction. Each RSU is economically equivalent to one share of Common Stock, and this grant reflects dividend equivalents credited on RSUs he already owned rather than a cash dividend payment.
Why were RSUs granted instead of cash dividends at ESCO Technologies (ESE)?
The RSUs were issued in lieu of cash dividends on existing RSUs held by the director. Instead of paying cash, ESCO Technologies credited additional RSUs that mirror the economic value of dividends, aligning director compensation with Common Stock performance over time.
When do these ESCO Technologies (ESE) RSUs for David A. Campbell become payable?
A portion of the RSUs representing dividends on unvested shares becomes payable in Common Stock and/or cash when the underlying RSUs vest. Any remaining RSUs become payable in Common Stock upon, or in installments after, the director’s service termination or at another designated time.
What is the reference value per RSU in the ESCO Technologies (ESE) Form 4?
The Form 4 shows a reference value of $314.92 per Restricted Share Unit. This figure is associated with the 0.9219 RSUs granted and helps quantify the economic value of the dividend-equivalent units credited to the director’s account.
How many RSUs does David A. Campbell hold at ESCO Technologies (ESE) after this transaction?
Following this grant, David A. Campbell holds a total of 3,629.997 Restricted Share Units. These RSUs are economically equivalent to the same number of shares of Common Stock and will settle according to the company’s director compensation and vesting arrangements.