Form 4: Allison Transmission Holdings Inc: Director Richard P Lavin Reports Dividend Equivalent Rights Acquisition
SEC Form 4 Filing
Director Richard P Lavin reports acquisition of dividend equivalent rights related to deferred stock units of Allison Transmission Holdings Inc.
Summary
- On May 31, 2024, Richard P Lavin, a director of Allison Transmission Holdings Inc., reported the acquisition of 92 dividend equivalent rights.
- These rights are associated with previously awarded deferred stock units (DSUs) and vest proportionally with those DSUs.
- Each dividend equivalent right represents the economic equivalent of one share of Allison Transmission Holdings, Inc. common stock.
- Following the transaction, Lavin directly owns 1,703 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It reports a routine transaction and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of dividend equivalent rights, which are commonly used in executive compensation packages to provide similar economic benefits as dividends paid on common stock.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 06/04/2024 | Date of signature on the Form 4 filing |
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