Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Teresa van Niekerk, VP and Chief Procurement Officer of Allison Transmission Holdings, Inc., reports acquisition of dividend equivalent rights.
Summary
- On August 30, 2024, Teresa van Niekerk, VP, Chief Procurement Officer of Allison Transmission Holdings, Inc., acquired 13 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionally with those RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of Allison Transmission Holdings, Inc. common stock.
- Following the transaction, Ms. van Niekerk directly owns 123 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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