Resources Connection (RGP) CEO receives dividend-equivalent stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Resources Connection, Inc. President and CEO Roger D. Carlile received an automatic stock-based award tied to prior equity grants. He acquired 13,089.3978 shares of common stock as dividend-equivalent rights on previously awarded restricted stock units, which will vest proportionately with the related units. Following this grant, he directly holds 721,114.5060 common shares, and an additional 54,137.0000 shares are held indirectly through the Carlile Trust. This appears to be routine compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Carlile Roger D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,089.398 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 721,114.506 shares (Direct);
Common Stock — 54,137 shares (Indirect, Carlile Trust)
Footnotes (1)
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FAQ
What did RGP CEO Roger D. Carlile report in this Form 4 filing?
Roger D. Carlile reported receiving 13,089.3978 shares of RGP common stock as dividend-equivalent rights on earlier restricted stock unit awards. These additional shares are compensation-related and vest in line with the underlying restricted units, not an open-market stock purchase.
What are dividend-equivalent rights in the context of RGP’s CEO award?
Dividend-equivalent rights give additional stock linked to dividends on unvested restricted stock units. For RGP, 13,089.3978 common shares were credited to Roger D. Carlile and will vest proportionately with the corresponding restricted stock units, aligning the award with long-term equity compensation rather than cash dividends.
Was Roger D. Carlile’s RGP stock acquisition an open-market purchase?
No, the acquisition was not an open-market purchase. The Form 4 describes a grant of 13,089.3978 shares as dividend-equivalent rights on prior restricted stock unit awards, recorded at a price of $0.0000 per share as part of his equity compensation package, not a discretionary market trade.
Does this RGP Form 4 indicate any stock sales by the CEO?
The Form 4 does not report any stock sales by Roger D. Carlile. It shows one acquisition of 13,089.3978 shares via dividend-equivalent rights and a separate entry updating indirect holdings through the Carlile Trust, with no open-market or other dispositions disclosed in this filing.