Morelli Mark D 4
Research Summary
AI-generated summary
Vontier (VNT) CEO Mark D. Morelli Receives Stock Award
What Happened
Mark D. Morelli, President, CEO and Director of Vontier Corp (VNT), was credited with an award of 4,653.826 notional shares (reported as a derivative acquisition) on 2026-03-24. The filing lists a per-share price of $36.93 and a total reported value of $171,866. This transaction is an award/grant (code A) under the company’s Executive Deferred Incentive Program (EDIP), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-24; Form 4 filed: 2026-03-25 (timely).
- Type: Award/Grant (Derivative acquisition under EDIP).
- Shares: 4,653.826 notional shares; Price used: $36.93; Reported value: $171,866.
- Shares owned after transaction: Not specified in this filing.
- Footnotes summary:
- F1: Compensation credited to the EDIP Stock Fund is treated as invested in unfunded, notional shares based on the prior business day NYSE close.
- F2: Notional shares convert on a one-to-one basis to actual shares.
- F3: The reporting person is vested in all EDIP Stock Fund contributions; upon termination the EDIP is settled in Issuer common stock.
Context
This was a compensation-related credit of notional shares to an executive deferral plan, not an open-market buy. Because the notional shares are vested and convert one-for-one to common stock and will be settled in shares upon termination, the entry reflects compensation deferral/awards rather than a direct trading signal.