Form 4: Atmus Filtration Technologies Inc.: Executive Charles Masters Reports Changes in Beneficial Ownership
SEC Filing Form 4
Charles Masters, VP of Engine Products at Atmus Filtration Technologies Inc., reports changes in beneficial ownership of common stock following performance share vesting and tax withholding.
Summary
- On March 1, 2024, Charles Masters, VP of Engine Products at Atmus Filtration Technologies Inc., reported changes in his beneficial ownership of the company's common stock.
- He acquired 704 shares of common stock at $0, representing performance shares earned upon vesting of the 2021-2023 stub cycle performance share award.
- He disposed of 245 shares at $23.96 and 1,037 shares at $23.96 for tax withholding.
- Following these transactions, Masters directly owns 22,106 shares of Atmus Filtration Technologies Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and tax obligations. The vesting of performance shares is a slightly positive indicator, suggesting the company met certain performance goals.
Positives
- The vesting of performance shares indicates that the company met certain performance targets during the 2021-2023 period.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance shares, which is tied to the company's performance over a specific period.
Stakeholder Impact
- The vesting of performance shares aligns executive compensation with company performance, which can be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the reported transactions: acquisition of performance shares and disposal for tax withholding. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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