Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Ryan A. Milburn, VP of Engineering & Tech Development at Allison Transmission Holdings, acquires dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On March 15, 2024, Ryan A. Milburn, VP of Engineering & Tech Development at Allison Transmission Holdings, acquired 16 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 price of each dividend equivalent right is $0.91.
- Following the transaction, Milburn directly owns 16 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Ryan A. Milburn acquired dividend equivalent rights. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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