Vontier (VNT) CEO Morelli gains 4,654 EDIP stock fund units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morelli Mark D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Vontier Stock Fund | 4,653.826 | $36.93 | $172K |
Holdings After Transaction:
Executive Deferred Incentive Program - Vontier Stock Fund — 33,621.996 shares (Direct)
Footnotes (1)
- 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. The notional shares convert on a one-to-one basis. 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
What insider transaction did Vontier (VNT) report for CEO Mark D. Morelli?
Vontier reported that CEO Mark D. Morelli acquired 4,653.8260 notional shares in the Executive Deferred Incentive Program’s Vontier Stock Fund. This reflects deferred or contributed compensation tracked to Vontier common stock rather than an open-market stock purchase.
How many EDIP stock fund units does the Vontier (VNT) CEO hold after this Form 4?
Following this transaction, Mark D. Morelli holds 33,621.9960 notional shares in the Vontier Stock Fund. These units are fully vested and track Vontier common stock on a one-to-one basis under the Executive Deferred Incentive Program’s structure.
Is the Vontier (VNT) CEO’s Form 4 transaction an open-market stock purchase?
No, this Form 4 reports a grant or acquisition of notional shares through the Executive Deferred Incentive Program. The units are unfunded bookkeeping entries tied to Vontier’s stock price, not an open-market buy of common shares on an exchange.
What does the Executive Deferred Incentive Program mean for Vontier (VNT) insiders?
The Executive Deferred Incentive Program allows eligible insiders to defer or contribute compensation into a stock fund. That fund is credited with unfunded, notional Vontier share units based on prior-day closing prices, aligning deferred compensation with Vontier’s share performance over time.