Conner Penelope M 4
Research Summary
AI-generated summary
ESCO Technologies (ESE) Director Penelope Conner Receives RSU Award
What Happened
Penelope M. Conner, a director of ESCO Technologies, received a grant of 772 restricted stock units (RSUs) on February 2, 2026. The grant is reported as a derivative acquisition (Transaction Code A) at an imputed value of $233.09 per share, for a total value of $179,945. This is a compensation award (not an open-market purchase).
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-03 (filed promptly).
- Grant details: 772 RSUs @ $233.09 each; total value reported $179,945.
- Transaction type: A (award/grant), reported as a derivative instrument (RSUs).
- Vesting: Per filing footnote, each RSU equals one share economically and vests one year after the grant date; shares become issuable on vesting (or later if the holder elects).
- Shares owned after transaction: Not disclosed in this filing.
- Other remark: Power of attorney on file.
Context
RSU grants are a common form of director/executive compensation designed to align interests with shareholders; they are not the same as an outright purchase and do not, by themselves, indicate a buy or sell signal. Upon vesting, the RSUs convert into shares (or are settled in cash, depending on the plan), which may then be sold or retained.