Vontier CEO awarded 4,653 EDIP notional shares
Vontier Corp President and CEO Mark D. Morelli reported an acquisition of derivative interests tied to company stock through the Executive Deferred Incentive Program.
Rhea-AI Filing Summary
Vontier Corp President and CEO Mark D. Morelli reported an acquisition of derivative interests tied to company stock through the Executive Deferred Incentive Program. On this date, he received 4,653.8260 notional shares in the Vontier Stock Fund at a reference price of $36.93 per share. These are unfunded, notional units that track Vontier common stock on a one-to-one basis and are fully vested. After this credit, his balance in the Vontier Stock Fund increased to 33,621.9960 notional shares, which will be settled in Vontier common stock upon termination of employment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Vontier Stock Fund | 4,653.826 | $36.93 | $172K |
Footnotes (3)
- F1. Compensation deferred or contributed into the Issuer's stock fund (the "EDIP Stock Fund") under 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 date of the business day 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 convert on a one-to-one basis.
- F3. The Reporting Person is vested in all contributions to the EDIP Stock Fund. Upon termination of employment, the EDIP Stock Fund is settled in Issuer common stock.
FAQ
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What insider transaction did Vontier (VNT) report for CEO Mark D. Morelli?
How many EDIP stock fund units does the Vontier (VNT) CEO hold after this Form 4?
Is the Vontier (VNT) CEO’s Form 4 transaction an open-market stock purchase?
What does the Executive Deferred Incentive Program mean for Vontier (VNT) insiders?
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