Ralliant (RAL) CTO gains EDIP phantom shares from dividend accrual
Rhea-AI Filing Summary
Ralliant Corp senior vice president and chief technology officer Amir A. Kazmi recorded a small compensation-related acquisition under the company’s Executive Deferred Incentive Program (EDIP). On June 23, 2026, he was credited with 1.5 phantom shares in the Ralliant Stock Fund at a reference price of $69.22 per share, bringing his notional balance in this fund to 2,057.9 phantom shares.
The footnotes explain these are notional dividend accruals that track the value of Ralliant common stock and settle one-for-one in actual shares when paid out. Kazmi vests immediately in his own contributions, while company contributions vest over time or upon specified events such as death or qualifying retirement, after which the vested balance is delivered in Ralliant common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1.5 | $69.22 | $103.83 |
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.