Ralliant (RAL) HR chief receives additional deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ralliant Corp senior vice president and Chief People Officer Karen M. Bick reported an acquisition of additional units under the company’s Executive Deferred Incentive Program stock fund. She received 5.8 notional dividend accrual units tied to Ralliant’s common stock, based on a closing price of $42.29 per share.
These phantom units settle one-for-one in common stock and are part of a deferred compensation arrangement, not an open-market purchase. Following this accrual, her deferred stock fund balance stands at 4,932.3 units, which vest over time under the plan’s service- and age-based rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bick Karen M.
Role
SVP - Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 5.8 | $42.29 | $245.28 |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 4,932.3 shares (Direct)
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.
FAQ
What did Ralliant (RAL) executive Karen M. Bick report in this Form 4?
Karen M. Bick reported receiving 5.8 additional phantom stock units under Ralliant’s Executive Deferred Incentive Program. These units reflect notional dividend accruals based on the company’s stock price and increase her deferred compensation balance rather than representing an open-market stock purchase.
Is Karen M. Bick buying or selling Ralliant (RAL) stock in this transaction?
She is not buying or selling shares in the market. The filing shows a grant-type acquisition of 5.8 phantom units from dividend accruals within a deferred compensation plan, which will ultimately settle in Ralliant common stock on a one-for-one basis at distribution.
How many deferred Ralliant (RAL) stock units does Karen M. Bick hold after this filing?
After the reported notional dividend accrual, Karen M. Bick’s balance in the Executive Deferred Incentive Program stock fund is 4,932.3 phantom units. Each unit is designed to settle into one share of Ralliant common stock under the plan’s terms when benefits are ultimately distributed.
How is the price for Karen M. Bick’s Ralliant (RAL) phantom units determined?
The number of phantom units from dividend accruals is based on Ralliant’s NYSE closing stock price on the credit date. For this transaction, the reference price was $42.29 per share, which is used only for calculating units, not for any market trade execution.
When do Karen M. Bick’s Ralliant (RAL) EDIP stock fund units vest and settle?
Voluntary contributions vest immediately, while company contributions vest under service and age conditions. Vesting can occur at death, retirement after at least five years of service and age 55, or gradually after years of participation, with vested balances settling in Ralliant common stock upon employment termination.
What is the Executive Deferred Incentive Program stock fund at Ralliant (RAL)?
The Executive Deferred Incentive Program stock fund is a deferred compensation feature where eligible executives hold phantom units linked to Ralliant’s common stock. Units grow through notional dividend accruals and eventually settle in actual shares, aligning long-term compensation with the company’s stock performance.