Ralliant SVP awarded 1,210 EDIP notional shares
Boatman Jonathon E. reported acquisition or exercise transactions in this Form 4 filing.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Ralliant Stock Fund | 1,210.1 | $46.36 | $56K |
Footnotes (3)
- F1. 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.
- F2. The notional shares settle in shares of the Issuer's common stock on a one-to-one basis.
- F3. 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?
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