Conner Penelope M 4
Research Summary
AI-generated summary
ESCO Technologies (ESE) Director Penelope Conner Receives RSU Shares
What Happened
- Penelope M. Conner, a director of ESCO Technologies Inc. (ESE), had restricted stock units (RSUs) vest on Feb 5, 2026. The vesting converted 1,349 whole RSUs into 1,349 shares of common stock valued at $238.40 each (approx. $321,602). A remaining fractional RSU (0.254 share) was surrendered for cash, yielding $60.
Key Details
- Transaction date: 2026-02-05; NYSE closing price used: $238.40 per share.
- Principal actions reported: conversion/settlement of RSUs into shares (transaction code M) and disposition to issuer of fractional RSU for cash (transaction code D).
- Grant / vesting info: RSUs were originally granted Feb 5, 2025 and vested one year after grant (footnote).
- Shares owned after the transaction: not specified in the filing.
- Filing: Form 4 filed 2026-02-06 (appears timely). Power of attorney on file.
Context
- This was a routine equity compensation event (vesting/conversion of RSUs), not an open-market purchase or sale that would signal a directional bet. The fractional RSU was cashed out at the NYSE closing price on the vesting date; the whole-number RSUs were converted into shares rather than sold. Transaction codes M and D reflect the derivative conversion and the fraction cash-out respectively.