Carlisle Companies (CSL) director receives 24 dividend-linked RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frias James D reported acquisition or exercise transactions in this Form 4 filing.
Carlisle Companies director James D. Frias reported receiving an additional award of 24 restricted stock units. These units were credited as a result of a quarterly dividend declared and paid by the company, and each unit represents the right to receive one share of common stock.
The restricted stock units were fully vested on the grant date, and delivery of the underlying shares will occur when Frias’s service as a director ends. Following this grant, he directly holds 8,643 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Frias James D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,643 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 Companies (CSL) report for James D. Frias?
Carlisle Companies reported that director James D. Frias received 24 additional restricted stock units. These units were credited as a result of a quarterly dividend and increase his directly held restricted stock units to 8,643 after the transaction.
How many restricted stock units does James D. Frias hold after this Form 4?
After this transaction, James D. Frias holds 8,643 restricted stock units. The Form 4 shows that 24 new units were granted, and each unit represents the right to receive one share of Carlisle Companies common stock upon settlement.
Why did James D. Frias receive 24 additional restricted stock units at Carlisle Companies (CSL)?
He received 24 additional restricted stock units because of a quarterly dividend declared and paid by Carlisle Companies. The dividend generated additional units tied to his existing holdings, reflecting typical dividend-equivalent credits on restricted stock unit awards.
Are the new restricted stock units for James D. Frias vested immediately?
Yes, the restricted stock units were fully vested on the grant date. Although vested immediately, the underlying shares of Carlisle Companies common stock will be delivered when Frias’s service as a director of the company terminates in the future.