Vontier (NYSE: VNT) VP boosts deferred stock units via EDIP grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vontier Corp reported that VP and Chief Accounting Officer Paul V. Shimp acquired additional deferred notional exposure to its common stock through the Executive Deferred Incentive Program’s Vontier Stock Fund. The grant represents compensation deferred at a value based on a $36.93 closing share price and converts one-to-one into common stock, settled in shares upon termination of employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shimp Paul V.
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Vontier Stock Fund | 1,022.376 | $36.93 | $38K |
Holdings After Transaction:
Executive Deferred Incentive Program - Vontier Stock Fund — 6,944.325 shares (Direct)
Footnotes (1)
- Compensation deferred or contributed into the Issuer's stock fund (the "EDIP Stock Fund") under Issuer's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date of the business day preceding the date such compensation is credited to the EDIP Stock Fund, which closing price is shown in Table II, Column 8. The notional shares convert on a one-to-one basis. The Reporting Person is vested in all contributions to the EDIP Stock Fund. Upon termination of employment, the EDIP Stock Fund is settled in Issuer common stock.
FAQ
What did Vontier (VNT) disclose in Paul Shimp’s latest Form 4?
Vontier disclosed that VP and Chief Accounting Officer Paul V. Shimp acquired additional deferred, notional exposure to Vontier common stock through the Executive Deferred Incentive Program’s stock fund as a grant or award of compensation rather than an open-market purchase or sale.
What is Vontier’s Executive Deferred Incentive Program - Vontier Stock Fund?
The Executive Deferred Incentive Program - Vontier Stock Fund lets compensation be deferred into unfunded, notional shares of Vontier common stock. The number of notional shares is based on the NYSE closing price on the business day before the compensation is credited to the stock fund.
Does this Vontier Form 4 show open-market buying or selling of stock?
This Form 4 reflects a grant or award acquisition of deferred compensation into notional Vontier stock units, coded as an “A” transaction. It does not show any open-market purchase or sale, as both the buy and sell transaction flags are indicated as false in the filing data.