Ralliant (NYSE: RAL) CFO adds EDIP phantom shares tied to stock price
Rhea-AI Filing Summary
Ralliant Corp Senior Vice President and Chief Financial Officer Reynolds Neill reported an acquisition of additional notional units under the company’s Executive Deferred Incentive Program (EDIP). The filing shows an A-code grant of 2.8 phantom shares in the Ralliant Stock Fund at a reference price of $42.29 per share, bringing his total EDIP stock fund position to 2,393.5 phantom shares.
These phantom shares represent notional dividend accruals tied to Ralliant common stock and settle one-for-one in common shares under the EDIP. Vesting occurs immediately for voluntary contributions and over time or upon qualifying retirement, death, or other events specified in the plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 2.8 | $42.29 | $118.41 |
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 CFO Reynolds Neill?
Is the Ralliant (RAL) CFO’s Form 4 transaction an open-market stock purchase or sale?