Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Thomas Eifert, VP at Allison Transmission, reports acquisition of dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On March 15, 2024, Thomas Eifert, VP of Quality, Plan & Prog Mgmt at Allison Transmission Holdings Inc, 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, Eifert directly owns 16 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, providing transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 03/19/2024 | Date of signature on the Form 4 filing |
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