ESCO Technologies (NYSE: ESE) director receives dividend-equivalent RSUs
Rhea-AI Filing Summary
PHILLIPPY ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
ESCO Technologies Inc. director Robert J. Phillippy received a grant of 5.0384 Restricted Share Units (RSUs) on ESCO Technologies stock. These RSUs were issued in lieu of cash dividends on RSUs he already held, with each RSU economically equal to one share of Common Stock.
A portion of these dividend-equivalent RSUs will become payable in Common Stock and/or cash when the related underlying shares vest or are distributed, based on his elections. Any remaining RSUs are scheduled to be settled in Common Stock upon, or in installments beginning after, the end of his service as a director. Following this grant, he directly holds a total of 19,838.5148 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PHILLIPPY ROBERT J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 5.0384 | $314.92 | $2K |
Holdings After Transaction:
Restricted Share Units — 19,838.5148 shares (Direct)
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
RSUs granted: 5.0384 RSUs
Reference price per share: $314.9200 per share
Total RSUs after grant: 19,838.5148 RSUs
+1 more
4 metrics
RSUs granted
5.0384 RSUs
Dividend-equivalent RSUs granted on Common Stock as of 2026-04-17
Reference price per share
$314.9200 per share
Assigned transaction price per RSU grant
Total RSUs after grant
19,838.5148 RSUs
Director’s direct RSU holdings following the transaction
Conversion price
$0.0000
RSUs have no exercise price; settle in stock and/or cash
Key Terms
Restricted Share Units, economic equivalent, in lieu of cash dividends, vest, +1 more
5 terms
economic equivalent financial
"Each RSU is the economic equivalent of one share of Common Stock"
in lieu of cash dividends financial
"RSUs issued in lieu of cash dividends on the RSUs held by the reporting person"
vest financial
"A portion of the RSU representing dividends on unvested shares becomes payable ... when the underlying shares vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
termination of the reporting person's service financial
"Any remaining RSUs become payable in common stock upon ... the termination of the reporting person's service as a director"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ESCO Technologies (ESE) report for Robert J. Phillippy?
ESCO Technologies reported that director Robert J. Phillippy received a grant of 5.0384 Restricted Share Units. These RSUs were issued as dividend equivalents on RSUs he already held and are economically equal to shares of Common Stock, increasing his total RSU holdings modestly.
How many ESCO Technologies RSUs does Robert J. Phillippy hold after this Form 4?
After this transaction, Robert J. Phillippy holds 19,838.5148 Restricted Share Units directly. These RSUs represent deferred equity compensation tied to ESCO Technologies Common Stock, some of which will settle when underlying shares vest or when his board service ends, depending on prior elections.
Why did ESCO Technologies grant 5.0384 RSUs instead of paying cash dividends?
The 5.0384 RSUs were issued in lieu of cash dividends on RSUs Phillippy already held. Instead of receiving cash, he received additional RSUs as dividend equivalents, each economically equal to one share of Common Stock, aligning director compensation more closely with shareholder returns over time.
When will Robert J. Phillippy’s new ESCO Technologies RSUs be paid out?
Part of the new RSUs becomes payable in Common Stock and/or cash when the related underlying shares vest or are distributed. Any remaining RSUs are payable in Common Stock upon, or in installments beginning after, the end of Phillippy’s service as a director, based on his prior elections.