Ralliant Corp (RAL) CFO gains additional EDIP phantom shares via dividend accrual
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ralliant Corp reported that SVP and Chief Financial Officer Reynolds Neill acquired 1.7 notional shares in the Executive Deferred Incentive Program Ralliant Stock Fund through a notional dividend accrual valued at $69.22 per phantom share. These phantom shares track Ralliant common stock and settle one-for-one in actual shares under the plan’s terms. Following this routine compensation-related accrual, Neill now holds 2,395.2 phantom shares tied to Ralliant stock within the deferred incentive program.
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 | 1.7 | $69.22 | $117.67 |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 2,395.2 shares (Direct, null)
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.
Key Figures
Phantom shares acquired: 1.7 shares
Reference price: $69.22 per share
Total phantom shares after transaction: 2,395.2 shares
+2 more
5 metrics
Phantom shares acquired
1.7 shares
Notional dividend accrual on EDIP Stock Fund
Reference price
$69.22 per share
Closing price used to calculate notional dividend accruals
Total phantom shares after transaction
2,395.2 shares
EDIP Stock Fund balance following the accrual
Underlying security
1.7 common shares
Each phantom share settles one-for-one in common stock
Transaction code
A
Grant, award, or other acquisition under Form 4 rules
Key Terms
Executive Deferred Incentive Program, EDIP Stock Fund, notional dividend accruals, phantom shares, +2 more
6 terms
Executive Deferred Incentive Program financial
"under the Issuer's Executive Deferred Incentive Program (the "EDIP")."
EDIP Stock Fund financial
"phantom shares in the Issuer stock fund (the "EDIP Stock Fund") under the Issuer's Executive Deferred Incentive Program"
notional dividend accruals financial
"The reported securities are notional dividend accruals on phantom shares in the Issuer stock fund"
one-to-one basis financial
"The notional shares settle in shares of the Issuer's common stock on a one-to-one basis."
vested portion financial
"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) disclose for Reynolds Neill?
Ralliant Corp disclosed that CFO Reynolds Neill received 1.7 phantom shares in the Executive Deferred Incentive Program stock fund. The accrual reflects notional dividends at $69.22 per share and is part of his deferred compensation tied to Ralliant common stock performance.
What is the Executive Deferred Incentive Program (EDIP) mentioned in Ralliant’s Form 4?
Ralliant’s Executive Deferred Incentive Program (EDIP) allows executives to defer compensation into an EDIP Stock Fund invested in phantom shares. Notional dividend accruals increase phantom share balances, which later settle in Ralliant common stock based on vesting, retirement, death, or other plan conditions.
How are notional dividend accruals calculated in Ralliant’s EDIP Stock Fund?
Notional dividend accruals in the EDIP Stock Fund are based on the closing price of Ralliant common stock on the NYSE on the accrual date. That price determines how many phantom shares are credited, aligning deferred balances with the company’s market value over time.
Does this Ralliant Form 4 reflect an open-market stock purchase by the CFO?
No, the Form 4 reflects a grant/award acquisition of phantom shares through notional dividend accruals in a deferred compensation plan. It is not an open-market purchase but an automatic adjustment tied to Ralliant’s stock price and dividend credits within the EDIP Stock Fund.