Form 4: Allient Inc. Executive Helmut Pirthauer Reports Acquisition of Restricted Stock

Helmut Pirthauer, VP and Group President of Allient Inc., reports the acquisition of 2,346 shares of restricted common stock.

Summary

• On March 5, 2024, Helmut Pirthauer, VP and Group President of Allient Inc., acquired 2,346 shares of common stock at a price of $30 per share.
• These shares are time-based restricted shares granted under the company's 2017 Omnibus Incentive Plan.
• The restricted shares vest in three equal installments on April 1, 2025, April 1, 2026, and April 1, 2027.
• Following the transaction, Pirthauer directly owns 43,107 shares of Allient Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock is a routine part of executive compensation and signals confidence in the company's future.

Positives

• The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The executive's holdings will increase as the restricted shares vest over the next three years, contingent on continued service.

Industry Context

Executive compensation packages often include restricted stock to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) that vest over a multi-year period is a common practice among publicly traded companies to retain key executives.
• The vesting schedule of one-third each year for three years is a typical vesting arrangement.
• Comparable companies such as AMETEK, Inc. and Fortive Corporation also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The grant of restricted stock aligns the executive's interests with those of shareholders, potentially leading to increased shareholder value.

Key Dates