Lincoln Electric (LECO) director receives 688-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINCOLN ELECTRIC HOLDINGS INC director Michael F. Hilton acquired 688 common shares through a restricted stock unit award. The grant was recorded at a price of $0.00 per share, reflecting equity compensation rather than a market purchase. Following this award, Hilton directly holds 13,880 common shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilton Michael F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 688 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 13,880 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 688 shares
Price per share: $0.00 per share
Shares held after transaction: 13,880 shares
3 metrics
Shares granted
688 shares
Restricted stock unit award to director Michael F. Hilton
Price per share
$0.00 per share
Equity grant, not an open-market purchase
Shares held after transaction
13,880 shares
Direct ownership by Michael F. Hilton following the award
Key Terms
restricted stock unit award, Common Shares, Grant, award, or other acquisition
3 terms
restricted stock unit award financial
"Pursuant to restricted stock unit award."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Lincoln Electric (LECO) report for Michael F. Hilton?
Lincoln Electric reported that director Michael F. Hilton received 688 common shares as a restricted stock unit award. This equity grant was classified as a non-derivative acquisition under code A, reflecting compensation rather than an open-market purchase.
What does transaction code A mean in the Lincoln Electric (LECO) Form 4?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition of securities. For Lincoln Electric, it shows that Michael F. Hilton received 688 common shares through an equity award rather than buying shares in the open market.
What type of security did Michael F. Hilton receive from Lincoln Electric (LECO)?
Michael F. Hilton received Lincoln Electric common shares. The Form 4 specifies 688 common shares acquired as part of a restricted stock unit award, classified as a non-derivative equity grant under transaction code A.