Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Dana JH Pittard, VP of Defense Programs at Allison Transmission Holdings, acquired dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On May 31, 2024, Dana JH Pittard, VP of Defense Programs at Allison Transmission Holdings Inc., acquired 13 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and will vest proportionally with those RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of Allison Transmission Holdings, Inc. common stock.
- The reporting person directly owns the dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing a routine transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued stake in the company's performance through dividend equivalent rights tied to existing stock awards.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 06/04/2024 | Date of signature on the Form 4 filing |
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