Form 4: Atmus Filtration Technologies Director Stephen E. Macadam Reports Acquisition of Restricted Share Units

Director Stephen E. Macadam reports acquisition of 4,565 Restricted Share Units (RSUs) in Atmus Filtration Technologies as part of annual director compensation.

Summary

• Stephen E. Macadam, a director of Atmus Filtration Technologies Inc., filed a Form 4 on May 16, 2024, reporting a transaction.
• On May 14, 2024, Macadam acquired 4,565 shares of Common Stock in the form of Restricted Share Units (RSUs) as part of the 2024-2025 Annual Director Compensation.
• These RSUs were granted at a price of $0 per share.
• The RSUs will fully vest on May 14, 2025, or at the next Annual Meeting of Stockholders, whichever comes first.
• Following the reported transaction, Macadam beneficially owns 23,833 shares of Atmus Filtration Technologies Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of RSUs to a director is a routine event and generally viewed as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The vesting schedule aligns the director's interests with those of the shareholders.

Future Outlook

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

Industry Context

Director compensation in the form of stock and options is a common practice to align management's interests with those of shareholders. The vesting schedule encourages long-term commitment.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to directors is a common practice among publicly traded companies, including peers like Donaldson Company and Clarcor, to align their interests with shareholders.
• The vesting period of one year is fairly standard for director equity grants, similar to practices observed at Parker-Hannifin and Eaton Corporation.
• The size of the grant, 4,565 shares, would need to be compared against the overall director compensation packages at comparable companies to determine if it is above or below industry averages.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates