PHILLIPPY ROBERT J 4
Research Summary
AI-generated summary
ESCO Technologies (ESE) Director Robert J. Phillippy Converts RSUs to 1,349 Shares
What Happened
- Robert J. Phillippy, a director of ESCO Technologies (ESE), had restricted share units (RSUs) vest and convert into 1,349 whole shares of common stock on Feb 5, 2026. The per-share closing price used was $238.40, valuing the shares at $321,602.
- A remaining fractional RSU (0.254 shares) was surrendered to the issuer for cash, resulting in $60 paid to Phillippy. These transactions reflect RSU vesting/settlement rather than an open‑market buy or sell.
Key Details
- Transaction date: February 5, 2026. Price used: $238.40 per share.
- Shares converted/issued: 1,349 shares (value ~$321,602); fractional RSU cashed: 0.254 shares ($60).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 explains these were vesting RSUs (including dividend equivalents) and the fractional RSU was cashed at the NYSE closing price on the vesting date. F2 notes the RSUs were granted Feb 5, 2025 and vested one year later.
- Remarks: Power of Attorney on file. Filing appears timely (reporting period 2026-02-05; filed 2026-02-06).
Context
- This was a routine vesting/settlement of compensation RSUs, not an outright purchase or open-market sale; the fractional share was automatically cashed out. Such award conversions are common and generally reflect compensation vesting rather than a direct signal of insider buying or selling intent.