Form 4: Allison Transmission Director Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Director David C. Everitt acquired 113 dividend equivalent rights related to deferred stock units of Allison Transmission Holdings, Inc.
Summary
- On May 31, 2024, David C. Everitt, a director of Allison Transmission Holdings, Inc., acquired 113 dividend equivalent rights.
- These rights are associated with previously awarded deferred stock units (DSUs) and vest proportionally with the DSUs.
- Each dividend equivalent right represents the economic equivalent of one share of Allison Transmission Holdings, Inc. common stock.
- Following the transaction, Everitt directly owns 3,103 dividend equivalent rights.
- The price of the derivative security is $0.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Form 4) detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the director's holdings.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: David C. Everitt acquired 113 dividend equivalent rights. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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