Ralliant (RAL) chief legal officer adds 1.5 phantom EDIP shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ralliant Corp senior vice president and chief legal officer Jonathon E. Boatman received a small compensation-related award under the company’s Executive Deferred Incentive Program. On this Form 4, he acquired 1.5 notional dividend-based phantom shares at a reference price of $69.22, bringing his EDIP stock fund balance to 2,072.3 notional shares. These notional units settle one-for-one in Ralliant common stock under the plan’s vesting and distribution rules, rather than representing an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boatman Jonathon E.
Role
SVP - Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1.5 | $69.22 | $103.83 |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 2,072.3 shares (Direct, null)
Footnotes (1)
- The reported securities are notional dividend accruals on phantom shares in the Issuer stock fund (the "EDIP Stock Fund") under the Issuer's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which closing price is shown in Table II, Column 8. The notional shares settle in shares of the Issuer's common stock on a one-to-one basis. The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least five years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
Key Figures
Phantom shares acquired: 1.5 shares
Reference price per share: $69.22
Total EDIP phantom shares after transaction: 2,072.3 shares
+1 more
4 metrics
Phantom shares acquired
1.5 shares
Notional dividend accrual in EDIP stock fund
Reference price per share
$69.22
Closing price used to calculate notional dividend accrual
Total EDIP phantom shares after transaction
2,072.3 shares
Balance in Ralliant stock fund following the award
Transaction code
A
Grant, award, or other acquisition of derivative-like phantom units
Key Terms
Executive Deferred Incentive Program, phantom shares, notional dividend accruals, one-to-one basis, +1 more
5 terms
Executive Deferred Incentive Program financial
"under the Issuer's Executive Deferred Incentive Program (the "EDIP")."
notional dividend accruals financial
"reported securities are notional dividend accruals on phantom shares"
one-to-one basis financial
"The notional shares settle in shares of the Issuer's common stock on a one-to-one basis."
vested portion financial
"Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock."
FAQ
What insider transaction did Ralliant Corp (RAL) report for Jonathon E. Boatman?
Ralliant Corp reported that Jonathon E. Boatman received 1.5 notional phantom shares in the Executive Deferred Incentive Program’s stock fund at a reference price of $69.22. This is a compensation-related accrual, not an open-market stock purchase or sale.
Was the Ralliant (RAL) Form 4 transaction an open-market buy or sell?
The Form 4 does not report an open-market buy or sell. Instead, it shows a code "A" transaction, described as a grant, award, or other acquisition of 1.5 notional phantom shares as a dividend-based accrual within the Executive Deferred Incentive Program stock fund.
What is the Executive Deferred Incentive Program stock fund at Ralliant Corp?
The Executive Deferred Incentive Program stock fund tracks phantom shares tied to Ralliant’s common stock. Dividend accruals are credited as notional shares based on the NYSE closing price. These notional units ultimately settle one-for-one in Ralliant common stock according to plan vesting and payout rules.