Valdez Gloria L 4
4 · ESCO TECHNOLOGIES INC · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
ESCO (ESE) Director Gloria Valdez Exercises RSUs, Surrenders Shares
What Happened
Gloria L. Valdez, a director of ESCO Technologies, converted 197 restricted stock units (RSUs) into 197 underlying shares on May 1, 2026 (exercise/conversion of derivative, code M) at an implied price of $326.96 per share (total value $64,411). The filing also reports dispositions: a derivative disposition of 197 shares (same value) and a disposition to the issuer of 106.46 shares at $326.96 each for $34,808. The surrender to the issuer appears to be a cash settlement of a portion of the RSUs (commonly used to cover tax withholding).
Key Details
- Transaction date: 2026-05-01; filing date: 2026-05-04 (timely).
- Prices and values: 197 shares at $326.96 = $64,411; 106.46 shares at $326.96 = $34,808.
- Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer.
- Footnotes: F1–F4 indicate these were RSU conversions from awards issued in 2020, with scheduled installments (some distributable as stock, some as cash); F3 confirms disposition to issuer was for cash at the NYSE closing price.
- Shares owned after the transaction: not provided in the summary data.
- Other: Power of Attorney on file (remark in filing).
Context
This was not an open-market buy or sell; it reflects conversion of previously granted RSUs and a partial cash settlement (surrender of shares) to cover tax or payout elections. Such RSU conversions and cash-withholding dispositions are routine and do not by themselves indicate a change in the director’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-01$326.96/sh+197$64,411→ 3,677 total - Exercise/Conversion
Restricted Share Units
[F1][F2]2026-05-01$326.96/sh−197$64,411→ 8,245.24 totalExercise: $0.00From: 2026-05-01Exp: 2026-05-01→ Common Stock (197 underlying) - Disposition to Issuer
Restricted Share Units
[F3][F4][F1]2026-05-01$326.96/sh−106.46$34,808→ 8,138.78 totalExercise: $0.00From: 2026-05-01Exp: 2026-05-01→ Common Stock (106.46 underlying)
Footnotes (4)
- [F1]Represents conversion of specified number of RSUs into underlying whole shares of common stock.
- [F2]RSUs were issued in lieu of stock award in 2020 and in lieu of subsequent cash dividends thereon, and are distributable in common stock pursuant to the prior election of the reporting person in 10 semiannual installments beginning May 1, 2025.
- [F3]Represents disposition to issuer of specified number of RSUs for cash at a price per share equal to the NYSE closing price on the disposition date.
- [F4]RSUs were issued in lieu of cash award in 2020 and in lieu of subsequent cash dividends theron, and are distributable as cash pursuant to the prior election of the reporting person in 5 annual installments beginning May 1, 2025.