Reynolds Neill 4
Research Summary
AI-generated summary
Ralliant (RAL) CFO Reynolds Neill Receives Award of 2.8 Shares
What Happened
Reynolds Neill, Chief Financial Officer of Ralliant Corp (RAL), was credited with a grant/acquisition of 2.8 notional shares (derivative) under the company’s Executive Deferred Incentive Program (EDIP) on March 23, 2026. The filing shows a per-share reference price of $42.29, giving a notional value of $118. This was an award (code A) of phantom/notional shares rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-25). Filing appears timely.
- Transaction type: Grant/acquisition of derivative securities (code A).
- Amount and price: 2.8 notional shares credited at $42.29 per share = $118 total (notional).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes of note:
- F1: These are notional dividend accruals on phantom shares in the EDIP Stock Fund (credited based on NYSE closing price on credit date).
- F2: Notional shares settle one-for-one into Ralliant common stock.
- F3: Vesting: voluntary contributions to the EDIP Stock Fund vest immediately; issuer contributions vest per the EDIP schedule (described in the filing).
- No indication this was part of a 10b5-1 plan, a sale, or tax-withholding event.
Context
This is a derivative award (phantom/notional shares) tied to the EDIP Stock Fund that will settle in actual common stock on a one-to-one basis according to the plan’s terms and vesting rules. Such awards reflect compensation plan mechanics rather than an open-market buy or sale; they do not by themselves signal a trading decision.