Form 4: Quest Diagnostics Director Timothy M. Ring Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Timothy M. Ring reports acquisition of phantom stock units and adjustments to holdings due to dividend reinvestment.
Summary
- On April 1, 2024, Timothy M. Ring, a director of Quest Diagnostics Inc., acquired 311 phantom stock units.
- These units resulted from elective deferrals of cash compensation under the company's Amended and Restated Deferred Compensation Plan for Directors.
- The phantom stock units become payable in cash upon Mr. Ring's termination of service as a director.
- Mr. Ring's holdings also include shares acquired via dividend reinvestment since his last Form 4 filing.
- Following these transactions, Mr. Ring beneficially owns 14,972.897 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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