Ralliant CFO awarded 1,537 deferred stock units
Ralliant Corp senior vice president and chief financial officer Reynolds Neill received a compensation-related award under the company’s Executive Deferred Incentive Program.
Rhea-AI Filing Summary
Ralliant Corp senior vice president and chief financial officer Reynolds Neill received a compensation-related award under the company’s Executive Deferred Incentive Program. On this date, he acquired 1,536.9 notional shares in the Ralliant Stock Fund at a reference price of $46.36 per share, bringing his total deferred notional holdings in this fund to 2,390.7 shares.
These are unfunded, notional units that are deemed invested in Ralliant common stock and settle one-for-one in actual shares upon payout. Voluntary contributions vest immediately, while company contributions vest based on service and retirement conditions, with vested balances ultimately settled in common stock when employment ends.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1,536.9 | $46.36 | $71K |
Footnotes (3)
- F1. Compensation deferred or contributed into the Issuer stock fund (the "EDIP Stock Fund") under the Issuer's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the business day last preceding the date such compensation is credited to the EDIP Stock Fund, which closing price is shown in Table II, Column 8.
- F2. The notional shares settle in shares of the Issuer's common stock on a one-to-one basis.
- F3. 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 insider transaction did Ralliant (RAL) CFO Reynolds Neill report?
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How do vesting rules apply to Ralliant (RAL) EDIP stock fund contributions?
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