Form 4: Allison Transmission Director Receives Stock Payment for Retainer

Philip J. Christman, a director at Allison Transmission Holdings, Inc., acquired 139 shares of common stock as part of his quarterly retainer payment.

Summary

• On August 8, 2024, Philip J. Christman, a director of Allison Transmission Holdings, Inc., acquired 139 shares of common stock.
• This acquisition was part of his quarterly payment for his annual retainer under the company's Eighth Amended and Restated Non-Employee Director Compensation Policy.
• The shares were valued at $85.11 each, based on the closing price of the company's common stock on the date of grant.
• Following the transaction, Christman's directly held common stock increased to 6,149 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders.

Positives

• The director's compensation policy is transparent, with the option to receive retainer payments in cash or stock.
• The director's continued stock ownership aligns his interests with those of the shareholders.

Industry Context

Director compensation in the form of stock is a common practice to align the interests of board members with those of shareholders. This Form 4 filing reflects a standard compensation arrangement.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies.
• Companies like Caterpillar and Cummins, which operate in related industries, also utilize stock grants as part of their director compensation packages.
• The specific amount and terms of the stock grants vary based on company size, performance, and industry norms.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It reinforces the company's commitment to compensating its directors and aligning their interests with those of the shareholders.

Key Dates