READY FRANK J. 4
Research Summary
AI-generated summary
Carlisle (CSL) President Frank Ready Receives 1,840-Share Award
What Happened
- Frank J. Ready, President (CWT) of Carlisle Companies Inc. (CSL), was granted 1,840 performance shares on 2026-01-31. To satisfy tax withholding on the award, 961 of those shares were retained/disposed at $340.89 per share, producing $327,595 in withholding proceeds. Net shares received by Ready from this award: 879 shares (1,840 granted − 961 withheld).
- This was a compensation award (not an open‑market purchase or directional sale of previously held shares).
Key Details
- Transaction date: 2026-01-31; Form 4 filed: 2026-02-02.
- Award: 1,840 performance shares (grant price not applicable).
- Withholding/Disposition: 961 shares withheld at $340.89/share for tax obligations — total $327,595.
- Net shares retained by insider from this grant: 879 shares.
- Footnotes: F1 = 1,840 performance shares earned; F3 = shares retained to satisfy withholding tax; F2 = not applicable.
- Shares owned after the transaction: not disclosed in the provided filing extract.
- No 10b5-1 plan or late-filing indication is shown in the provided information.
Context
- Performance share awards are compensation tied to company performance and do not necessarily signal the insider’s view of near-term stock direction. The withholding of shares to cover taxes is a routine, administrative disposition (often seen as a cashless tax withholding), not an open-market sale.