Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Eric C. Scroggins, VP, Gen. Counsel and Secretary at Allison Transmission Holdings Inc, acquired 10 dividend equivalent rights on November 27, 2024.
Summary
- Eric C. Scroggins, a VP, Gen. Counsel and Secretary at Allison Transmission Holdings Inc, reported a transaction on November 27, 2024.
- The transaction involved the acquisition of 10 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units and vest proportionally with those units.
- Each dividend equivalent right is equivalent to one share of Allison Transmission Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- The granting of dividend equivalent rights is a common practice in executive compensation packages, particularly for companies that use restricted stock units.
- Many companies in the automotive and manufacturing sectors use similar compensation structures to align executive interests with shareholder value.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/27/2024 | Date of the transaction where dividend equivalent rights were acquired. |
| 12/02/2024 | Date the form was signed by attorney-in-fact. |
Keywords
dividend equivalent rights, insider trading, executive compensation, Allison Transmission Holdings Inc, ALSN, SEC Form 4, restricted stock units
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