Form 4: Robert J. Phillippy Acquires Restricted Share Units in ESCO Technologies Inc.
SEC Form 4 Filing
Director Robert J. Phillippy acquired restricted share units in ESCO Technologies Inc. in lieu of cash dividends.
Summary
- On October 16, 2024, Robert J. Phillippy, a director of ESCO Technologies Inc., acquired 12.8643 Restricted Share Units (RSUs).
- These RSUs were issued in lieu of cash dividends on the RSUs already held by Phillippy.
- Each RSU is equivalent to one share of ESCO Technologies Inc. common stock.
- The price of the derivative security is $128.99.
- Following the transaction, Phillippy directly owns 20,754.9441 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and doesn't indicate positive or negative sentiment.
Future Outlook
The RSUs become payable in common stock upon, or at the election of the reporting person in installments beginning upon, the termination of the reporting person's service as a director or such earlier time as the reporting person may have designated.
Industry Context
This is a routine filing related to executive compensation and is common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of transaction: Robert J. Phillippy acquired Restricted Share Units. |
| 10/17/2024 | Date of signature by Attorney-in-Fact. |
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