Schrimsher Neil A 4
Research Summary
AI-generated summary
Ralliant (RAL) Director Neil A. Schrimsher Receives RSU Award
What Happened
- Neil A. Schrimsher, a director of Ralliant Corp (RAL), was granted 3,225 restricted stock units (RSUs) on June 5, 2026. The reported acquisition price is $0.00 and the Form 4 lists the transaction code A (award/grant). No cash was exchanged; the reported dollar value of the grant on the Form 4 is $0.
Key Details
- Transaction date: June 5, 2026; Filing date (Form 4): June 9, 2026 (timely filed).
- Grant: 3,225 RSUs; price reported: $0.00; transaction code: A (award/grant).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: The RSUs (the “Annual Grant RSUs”) vest on the earlier of the first anniversary of the grant or immediately prior to Ralliant’s 2027 annual meeting. However, the underlying shares will not be issued until the earlier of the reporting person’s death or the first day of the seventh month following the reporting person’s retirement from the Board.
- No 10b5-1 plan, sale, exercise, or tax-withholding sale was reported.
Context
- This is a compensation grant to a director, not an open-market purchase or sale. Such awards are routine board compensation and do not by themselves signal insider buying or selling. Because issuance of the actual shares is deferred and tied to retirement/death conditions, the grant primarily reflects long-term retention compensation rather than an immediate change in share ownership.