Ralliant (RAL) legal chief gains 1,210 EDIP notional stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boatman Jonathon E. reported acquisition or exercise transactions in this Form 4 filing.
Ralliant Corp SVP and Chief Legal Officer Jonathon E. Boatman received a grant of 1,210.1000 notional shares under the company’s Executive Deferred Incentive Program (EDIP) stock fund. The grant is valued based on a price of $46.3600 per share and increases his EDIP stock fund balance to 2,068.4000 notional shares.
The EDIP stock fund represents unfunded, notional shares that track Ralliant’s common stock and settle one-for-one in actual common shares when paid. Voluntary contributions vest immediately, while company contributions vest over time or upon specified retirement, death, or service milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boatman Jonathon E.
Role
SVP - Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1,210.1 | $46.36 | $56K |
Holdings After Transaction:
Executive Deferred Incentive Program - Ralliant Stock Fund — 2,068.4 shares (Direct)
Footnotes (1)
- Compensation deferred or contributed into the Issuer stock fund (the "EDIP Stock Fund") under the Issuer's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the business day last preceding the date such compensation is 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 did Ralliant (RAL) executive Jonathon Boatman report on this Form 4?
Jonathon E. Boatman reported acquiring 1,210.1000 notional shares in Ralliant’s Executive Deferred Incentive Program stock fund. This award is part of deferred compensation and tracks Ralliant common stock value, increasing his total EDIP stock fund balance to 2,068.4000 notional shares.
Is the Ralliant (RAL) Form 4 transaction a market purchase or sale of stock?
The transaction is not an open-market trade; it is a grant or acquisition of notional shares under Ralliant’s Executive Deferred Incentive Program. These unfunded units track the company’s stock and are a form of deferred compensation, not a direct market buy or sell.
How is the value of Ralliant (RAL) EDIP stock fund contributions determined?
Each contribution to the Ralliant EDIP stock fund is converted into notional shares using the NYSE closing price of Ralliant common stock on the business day before crediting. In this filing, that reference price was $46.3600 per share for the 1,210.1000 notional shares granted.