Form 4: ESCO Technologies Director Valdez Receives Restricted Share Units in Lieu of Cash Dividends
SEC Form 4 Filing
Director Gloria L. Valdez of ESCO Technologies Inc. received restricted share units (RSUs) in lieu of cash dividends on April 16, 2024.
Summary
- On April 16, 2024, Gloria L. Valdez, a director of ESCO Technologies Inc., received 8.2043 Restricted Share Units (RSUs) in lieu of cash dividends.
- These RSUs are equivalent to one share of Common Stock each.
- The price equivalent for the transaction is $98.88 per share.
- Following this transaction, Valdez directly owns 10,148.7114 shares of ESCO Technologies Inc.
- The RSUs will be payable in common stock and/or cash when the underlying shares vest, or upon termination of service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, with neutral sentiment.
Future Outlook
The RSUs will be payable in common stock and/or cash when the underlying shares vest, or upon termination of service as a director, or at an earlier designated time.
Industry Context
This is a routine disclosure related to insider transactions, specifically the receipt of RSUs in lieu of cash dividends, which is a common practice for compensating directors.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of transaction: Gloria L. Valdez received Restricted Share Units (RSUs). |
| 04/17/2024 | Date of signature: Jeffrey D. Fisher, Attorney-in-Fact, signed the document. |
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.