Carlisle (NYSE: CSL) director gains 16 RSUs from dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Collins Jonathan R. reported acquisition or exercise transactions in this Form 4 filing.
Carlisle Companies director Jonathan R. Collins received a grant of 16 restricted stock units tied to the company’s quarterly dividend. Each unit represents one share of common stock, bringing his directly held restricted stock units to 5,902. The units were fully vested at grant, with shares to be delivered when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Collins Jonathan R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,902 shares (Direct)
Footnotes (1)
- Represents additional restricted stock units acquired as a result of the quarterly dividend declared and paid by the issuer. Each restricted stock unit represents a right to receive one share of the issuer's common stock. The restricted stock units were fully vested on the date of grant and the vested shares will be delivered to the reporting person upon the reporting person's termination of service as a director of the issuer.
FAQ
What insider transaction did Carlisle (CSL) report for Jonathan R. Collins?
Carlisle reported that director Jonathan R. Collins acquired 16 restricted stock units. These units were granted as additional dividend-equivalent awards and increase his directly held restricted stock units to 5,902, each representing a right to receive one share of Carlisle’s common stock.
How many restricted stock units does Jonathan R. Collins hold after this Carlisle (CSL) Form 4?
After the reported transaction, Jonathan R. Collins holds 5,902 restricted stock units directly. The filing shows this total following the acquisition of 16 new dividend-related units, with each unit corresponding to one future share of Carlisle Companies common stock upon settlement.
Why did Jonathan R. Collins receive 16 additional RSUs from Carlisle (CSL)?
The 16 additional restricted stock units were issued because Carlisle declared and paid a quarterly dividend. These units function as dividend equivalents, compensating Collins in stock-based form rather than cash while maintaining the link between his compensation and Carlisle’s equity performance.
Are the new Carlisle (CSL) restricted stock units for Jonathan R. Collins vested?
Yes, the restricted stock units reported in the Form 4 were fully vested on the grant date. Although vested immediately, the underlying shares will only be delivered to Jonathan R. Collins after his service as a director of Carlisle Companies ends, according to the filing.
What does each restricted stock unit represent in Carlisle (CSL) director compensation?
Each restricted stock unit represents the right to receive one share of Carlisle Companies common stock. For Jonathan R. Collins, these units form part of his equity-based director compensation, aligning his interests with shareholders through future share delivery rather than immediate cash payments.