ESCO Technologies (NYSE: ESE) director gets dividend-equivalent RSU grant

Rhea-AI Filing Summary

Dewar Patrick M reported acquisition or exercise transactions in this Form 4 filing.

ESCO Technologies Inc. director Patrick M. Dewar received a grant of 5.9606 Restricted Share Units (RSUs) on July 17, 2026 as a dividend-equivalent issued in lieu of cash dividends on RSUs he already held, valued at $318.5200 per unit. Each RSU is the economic equivalent of one share of common stock; a portion representing dividends on unvested shares becomes payable in stock and/or cash when the underlying shares vest, and any remaining RSUs are payable in common stock upon, or in installments beginning upon, the termination of his board service or an earlier designated time. Following this grant, Dewar directly holds 23738.1711 RSUs linked to ESCO common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dewar Patrick M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units F1	5.961	$318.52	$2K

Holdings After Transaction: Restricted Share Units — 23,738.1711 shares (Direct)

Footnotes (1)

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 acquired: 5.9606 units Per-unit value: $318.5200 per unit RSUs after transaction: 23738.1711 units +2 more

5 metrics

RSUs acquired 5.9606 units Restricted Share Units granted to Patrick M. Dewar on 2026-07-17

Per-unit value $318.5200 per unit Reported transaction price per Restricted Share Unit

RSUs after transaction 23738.1711 units Direct RSU balance for Patrick M. Dewar following the grant

Underlying common shares 5.9606 shares Common Stock underlying the Restricted Share Units granted

Transaction date 2026-07-17 Date of RSU grant in lieu of cash dividends

Key Terms

Restricted Share Units, economic equivalent, payment date, termination of the reporting person's service as a director

4 terms

Restricted Share Units financial

"Restricted Share Units (RSUs) issued in lieu of cash dividends"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

economic equivalent financial

"Each RSU is the economic equivalent of one share of Common Stock"

payment date financial

"RSUs held by the reporting person on the payment date"

The payment date is the day when you actually receive money from a financial transaction, like getting your paycheck or the interest from a savings account. It matters because it tells you when the funds will be available to spend or use. Think of it as the day your paycheck hits your bank account, so you know when you can access the money.

termination of the reporting person's service as a director financial

"installments beginning upon the termination of the reporting person's service as a director"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/20/2026 - 02:24 PM Accepted by SEC EDGAR 07/20/2026 - 02:24 PM Learn about SEC filing dates

FAQ

What transaction did Patrick M. Dewar report for ESCO Technologies (ESE)?

Patrick M. Dewar reported receiving 5.9606 Restricted Share Units (RSUs) on July 17, 2026. These RSUs were issued in lieu of cash dividends on RSUs he already held and are economically equivalent to ESCO Technologies common stock, settling later in stock and/or cash.

How many RSUs did Patrick M. Dewar receive for ESCO Technologies (ESE) and at what value?

He received 5.9606 Restricted Share Units, each reported at $318.5200. According to the disclosure, each RSU is the economic equivalent of one share of ESCO Technologies common stock and was granted as a dividend-equivalent in lieu of cash on existing RSU holdings.

Why were these Restricted Share Units issued to Patrick M. Dewar at ESCO Technologies (ESE)?

The RSUs were issued in lieu of cash dividends on RSUs Patrick M. Dewar already held on the dividend payment date. Rather than paying cash, ESCO Technologies credited additional RSUs that are economically equivalent to its common stock, aligning director compensation with share performance.

When will Patrick M. Dewar's new RSUs at ESCO Technologies (ESE) be paid out?

A portion of these RSUs, representing dividends on unvested shares, becomes payable in common stock and/or cash when the underlying shares vest or are distributed. Remaining RSUs are payable in stock upon or beginning at the end of his board service or another designated time.

What is Patrick M. Dewar's total RSU holding after this ESCO Technologies (ESE) transaction?

After this transaction, Dewar directly holds 23738.1711 Restricted Share Units linked to ESCO Technologies common stock. This reflects his updated RSU balance following the small dividend-equivalent grant of 5.9606 units credited instead of cash dividends on his existing RSUs.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Dewar Patrick M

(Last) (First) (Middle)

C/O ESCO TECHNOLOGIES INC.

645 MARYVILLE CENTRE DR., SUITE 300

(Street)

ST LOUIS MISSOURI 63141

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESCO TECHNOLOGIES INC [ ESE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026

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

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

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

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 Share Units	(1)	07/17/2026		A		5.9606		(1)	(1)	Common Stock	5.9606	$318.52	23,738.1711	D

Explanation of Responses:

1. 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.

Remarks:

Power of Attorney on file

	/s/ Jeffrey D. Fisher, Attorney-in-Fact	07/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)