IDEX (NYSE: IEX) grants CFO Sean Gillen 16,595 restricted shares
Rhea-AI Filing Summary
IDEX Corporation reported an equity grant to its senior vice president and chief financial officer, Sean M. Gillen. On 01/05/2026, he received 16,595 shares of common stock at a price of $0 per share as an equity award. These are restricted shares that vest in three substantially equal annual installments on each of the first, second and third anniversaries of the grant date, conditioned on his continued employment through each vesting date. Following this award, Gillen beneficially owns 16,595 shares of IDEX common stock in direct form.
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FAQ
What insider transaction did IDEX (IEX) disclose for Sean M. Gillen?
IDEX disclosed that its SVP and chief financial officer, Sean M. Gillen, received an award of 16,595 shares of IDEX common stock on 01/05/2026.
What type of shares were granted to the IDEX CFO in this Form 4?
The transaction represents an award of restricted shares of common stock, which are subject to vesting conditions rather than being fully unrestricted at grant.
How do the 16,595 restricted IDEX (IEX) shares vest for the CFO?
The 16,595 restricted shares vest in three substantially equal annual installments on each of the first, second and third anniversaries of the grant date, contingent on Mr. Gillen’s continuous employment through each vesting date.
Did the IDEX CFO pay anything for the 16,595 restricted shares?
No cash price was paid for the award. The filing shows a transaction price of $0 per share for the 16,595 restricted shares, reflecting a compensation grant.
How many IDEX shares does Sean M. Gillen own after this transaction?
After the reported grant, Sean M. Gillen beneficially owns 16,595 shares of IDEX common stock, held with direct ownership.
Is this IDEX (IEX) insider transaction a purchase or a compensation grant?
This transaction is a compensation grant of restricted common stock to the CFO at $0 per share, rather than an open-market purchase or sale.