Form 4: Allison Transmission Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Dana JH Pittard, VP of Defense Programs at Allison Transmission Holdings, Inc., reports acquiring dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On August 30, 2024, Dana JH Pittard, VP of Defense Programs at Allison Transmission Holdings, Inc., acquired 10 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and 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 transaction was reported on September 4, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The acquisition of dividend equivalent rights by an executive could be perceived positively by shareholders as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/04/2024 | Date of report filing. |
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