Ralliant (RAL) CAO adds EDIP phantom stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Osben Teo
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 6.4 | $42.29 | $270.66 |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 5,436.3 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 insider transaction did Ralliant Corp (RAL) report for Osben Teo?
Ralliant Corp reported that Chief Accounting Officer Osben Teo acquired 6.4000 notional units in the Executive Deferred Incentive Program stock fund. These units are tied to Ralliant’s common stock and resulted from notional dividend accruals credited at a reference price of $42.2900 per share.
Is Osben Teo’s Form 4 transaction in Ralliant (RAL) an open-market stock purchase?
No, the Form 4 shows a compensation-related acquisition of phantom shares under Ralliant’s Executive Deferred Incentive Program. The 6.4000 units reflect notional dividend accruals in the EDIP stock fund, rather than an open-market buy or sell of common stock by Teo.
How many EDIP stock fund units does Osben Teo hold after this Ralliant (RAL) transaction?
After this EDIP-related acquisition, Osben Teo holds 5,436.3000 units in the Ralliant stock fund. These units are notional interests that mirror Ralliant common stock performance and are intended to settle in actual shares on a one-to-one basis under the program’s terms.
When do Ralliant (RAL) EDIP stock fund units vest and settle for Osben Teo?
Osben Teo immediately vests in 100% of any voluntary contributions he makes to the EDIP stock fund. Issuer contributions vest under plan rules, including full vesting upon death or qualifying retirement. Upon termination of employment, vested EDIP balances settle in Ralliant common stock.