Allison Transmission (ALSN) director receives grant of dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Christman Philip J reported acquisition or exercise transactions in this Form 4 filing.
Allison Transmission Holdings Inc director Philip J. Christman reported receiving a small compensation-related award linked to his existing restricted stock units. He was granted 4 dividend equivalent rights on Common Stock, bringing his total to 16 such rights. Each dividend equivalent right is the economic equivalent of one share of Allison Transmission common stock and will vest proportionately with the underlying restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Christman Philip J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 4 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 16 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Allison Transmission (ALSN) director Philip J. Christman report?
Philip J. Christman reported receiving 4 dividend equivalent rights tied to Allison Transmission common stock. These rights are compensation-related awards connected to previously granted restricted stock units rather than open-market purchases or sales of shares by the director.
What are dividend equivalent rights in the Allison Transmission (ALSN) Form 4 filing?
Dividend equivalent rights are awards that mirror dividends on existing restricted stock units. In this case, each right is the economic equivalent of one Allison Transmission common share and vests proportionately with the related restricted stock units over the same schedule.
How many dividend equivalent rights does the Allison Transmission (ALSN) director hold after this transaction?
After the reported grant, the director holds 16 dividend equivalent rights. This Form 4 shows an additional 4 rights being credited, increasing the previously accumulated balance as part of ongoing equity-based compensation linked to restricted stock units.
How do these dividend equivalent rights vest for Allison Transmission (ALSN) director Philip J. Christman?
The dividend equivalent rights vest proportionately with the restricted stock units to which they relate. As the underlying restricted stock units vest over time, the associated dividend equivalent rights follow the same vesting schedule, maintaining alignment with the original equity award.