Ralliant (RAL) CFO defers compensation into 1,537-share stock fund
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reynolds Neill
Role
SVP - Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1,536.9 | $46.36 | $71K |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 2,390.7 shares (Direct)
Footnotes (1)
- 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. 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 insider transaction did Ralliant (RAL) CFO Reynolds Neill report?
Reynolds Neill reported a compensation-related acquisition of notional shares. He received 1,536.9 notional shares in Ralliant’s Executive Deferred Incentive Program stock fund, increasing his total deferred notional holdings in that fund to 2,390.7 shares, all tied to Ralliant common stock.
How does Ralliant’s Executive Deferred Incentive Program stock fund work?
The EDIP stock fund credits deferred compensation as unfunded, notional shares. The number of notional shares is based on Ralliant’s NYSE closing price before crediting. These notional units later settle one-for-one in actual Ralliant common stock when the deferred amounts are ultimately paid out.
How do vesting rules apply to Ralliant (RAL) EDIP stock fund contributions?
The CFO vests immediately in his own voluntary contributions to the EDIP stock fund. Company contributions vest upon death, qualifying retirement after at least five years of service and age 55, or gradually at one-tenth per year of participation after five years in the program.