Form 4: Vontier Corp Director Thomas James Darrell Receives Stock Grant
SEC Form 4 Filing
Director Thomas James Darrell receives 4,370 restricted stock units from Vontier Corp.
Summary
- On June 4, 2024, Thomas James Darrell, a director of Vontier Corp, received 4,370 restricted stock units.
- These restricted stock units, referred to as 'Annual Grants RSUs', vest on the earlier of June 4, 2025, or the date of the Issuer's 2025 annual meeting of the stockholders, contingent upon continued service.
- Following this transaction, Darrell directly owns 5,370 shares of Vontier Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests. The sentiment is moderately positive due to the incentive structure.
Positives
- The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing continued service and performance.
Future Outlook
The vesting of the restricted stock units is contingent upon continued service, suggesting an expectation of Darrell's continued involvement with Vontier Corp.
Industry Context
Stock grants are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term performance.
Comparison to Industry Standards
- Stock grants are a typical component of executive compensation packages in publicly traded companies, including those comparable to Vontier Corp in the industrial sector.
- Companies like Fortive, Roper Technologies, and Danaher often use similar equity-based compensation to incentivize their executives and directors.
- The size of the grant is likely determined by factors such as company performance, individual contribution, and industry benchmarks for executive compensation.
Stakeholder Impact
- Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term success.
- The grant incentivizes the director to continue contributing to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of restricted stock unit grant to Thomas James Darrell. |
| 06/04/2024 | Date of Power of Attorney execution. |
| 06/04/2025 | Earliest possible vesting date for the restricted stock units (first anniversary of grant date). |
| 2025 | Alternative vesting date for the restricted stock units (date of the Issuer's 2025 annual meeting of the stockholders). |
| 06/05/2024 | Date of signature by attorney-in-fact. |
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