Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Dana J.H. Pittard, VP of Defense Programs at Allison Transmission Holdings, Inc., reports acquiring dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On March 15, 2024, Dana J.H. 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.
- The price of each dividend equivalent right is $0.76.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of company executives.
Stakeholder Impact
- The acquisition of dividend equivalent rights by an executive could be perceived positively by stakeholders as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 03/19/2024 | Date of signature for the Form 4 filing |
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