Ralliant CAO granted additional EDIP stock units
Ralliant Corp Chief Accounting Officer Osben Teo reported an acquisition of additional phantom shares through the company’s Executive Deferred Incentive Program (EDIP) stock fund.
Rhea-AI Filing Summary
Ralliant Corp Chief Accounting Officer Osben Teo reported an acquisition of additional phantom shares through the company’s Executive Deferred Incentive Program (EDIP) stock fund. On this Form 4, he received 6.4000 notional units based on a reference price of $42.2900 per share.
These notional units track Ralliant common stock and are designed to settle one-for-one in actual shares under the EDIP. Following this grant, Teo’s balance in the Ralliant stock fund stands at 5,436.3000 units. Vesting follows the plan’s terms, including full vesting upon death or qualifying retirement after specified service and age conditions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 6.4 | $42.29 | $270.66 |
Footnotes (3)
- F1. 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.
- 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 Corp (RAL) report for Osben Teo?
Is Osben Teo’s Form 4 transaction in Ralliant (RAL) an open-market stock purchase?
How many EDIP stock fund units does Osben Teo hold after this Ralliant (RAL) transaction?
When do Ralliant (RAL) EDIP stock fund units vest and settle for Osben Teo?
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