Form 4: Atmus Filtration Technologies Director Gretchen Haggerty Reports Acquisition and Disposal of Common Stock

Sentiment:

SEC Form 4 Filing


Director Gretchen Haggerty reports acquisition of 4,565 shares and disposal of shares of Atmus Filtration Technologies Inc. common stock on May 14, 2024, related to restricted share units.

Summary

  • On May 14, 2024, Gretchen Haggerty, a director of Atmus Filtration Technologies Inc., acquired 4,565 shares of common stock.
  • The acquisition was related to Restricted Share Units (RSUs) granted as part of the 2024-2025 Annual Director Compensation.
  • The RSUs will fully vest on May 14, 2025, or at the next Annual Meeting of Stockholders, whichever comes first.
  • Following the transaction, Haggerty beneficially owns 14,033 shares of Atmus Filtration Technologies Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests with shareholders.

Positives

  • The grant of RSUs to a director aligns their interests with those of the shareholders.
  • The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

  • The transaction may have a minor positive impact on shareholder sentiment due to the alignment of director interests with shareholders.
  • The grant of RSUs is part of the director's compensation, impacting the company's expenses.

Key Dates

DateDescription
05/14/2024Date of transaction: acquisition of common stock and grant of Restricted Share Units.
05/14/2025Date the RSUs fully vest, or the date of the next Annual Meeting of Stockholders, whichever comes first.
05/16/2024Date of filing the Form 4.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.