TE Connectivity (TEL) HR chief receives dividend-equivalent RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TE Connectivity SVP and Chief Human Resources Officer Malavika Sagar received a routine stock-based compensation grant. On the reported date, she was awarded 7.4024 restricted stock units as dividend equivalents, with each unit convertible into one common share.
These restricted stock units vest on the same schedule as the underlying equity award, continue to earn dividend-equivalent stock units, and convert into common shares upon vesting. Following this grant, her directly held restricted stock unit balance reported in this filing increased to 2,086.4332 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SAGAR MALAVIKA
Role
SVP, Chief Human Resources Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7.402 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,086.433 shares (Direct)
Footnotes (1)
- Conversion is 1-for-1. Restricted stock units issued as dividend equivalents on occurrence of payment to Issuer's shareholders. Subject to acceleration upon certain events, the restricted stock units vest according to the underlying award,receive dividend equivalent stock units and convert to common shares upon vesting.
FAQ
What insider transaction did TE Connectivity (TEL) report for Malavika Sagar?
TE Connectivity reported that SVP and Chief Human Resources Officer Malavika Sagar received 7.4024 restricted stock units as a grant. These units were issued as dividend equivalents and increase her reported restricted stock unit holdings to 2,086.4332 units following the transaction.
Was the TE Connectivity (TEL) Form 4 transaction a market buy or sell?
The Form 4 transaction was not a market buy or sell. It reflects a grant or award acquisition of 7.4024 restricted stock units as compensation, coded as a derivative transaction with no purchase price, rather than an open-market purchase or sale of common shares.
How do Malavika Sagar’s new restricted stock units at TE Connectivity (TEL) work?
The new restricted stock units convert to common shares on a one-for-one basis when they vest. They were issued as dividend equivalents, vest according to the underlying award’s schedule, receive additional dividend-equivalent stock units, and then convert into common shares upon vesting, if conditions are satisfied.
What is Malavika Sagar’s restricted stock unit balance after this TE Connectivity (TEL) filing?
After the reported grant, Malavika Sagar’s directly held restricted stock unit balance in the filing totals 2,086.4332 units. This figure includes the additional 7.4024 restricted stock units granted as dividend equivalents, which follow the underlying award’s vesting and conversion terms into common shares.
What does the dividend equivalent feature mean for TE Connectivity (TEL) restricted stock units?
Dividend equivalents mean her restricted stock units receive additional stock units when dividends are paid to shareholders. In this case, 7.4024 new units were issued as dividend equivalents and will vest and convert into common shares on the same terms as the underlying equity award.