Wallis-Lage Cindy L. 4
Research Summary
AI-generated summary
Veralto (VLTO) Director Cindy Wallis-Lage Receives Equity Award
What Happened
- Cindy Wallis-Lage, a director of Veralto Corp (VLTO), received two equity awards on July 15, 2026: 1,009 shares reported as acquired at $0.00 and 3,553 shares reported as a derivative award (also $0.00). The filing reports $0 cash consideration for both awards (typical for grants/RSUs issued as compensation). This is an award/grant transaction (code A), not an open-market buy or sale.
Key Details
- Transaction date: 2026-07-15; Form 4 filed: 2026-07-17 (filed timely).
- Reported prices: $0.00 per share for both the 1,009 and 3,553 share awards (total reported cash consideration $0).
- The 3,553-share entry is a derivative award (RSU-style); footnote F1 explains vesting/settlement terms: vesting occurs on the earlier of the first anniversary of the grant or immediately prior to the next annual shareholders’ meeting, but underlying shares are not issued until the earlier of the director’s death or the first day of the seventh month after the director’s retirement from the Board.
- Footnote F2 notes that options granted to non-employee directors vest immediately, but no stock option grant is shown in this filing.
- Shares owned after the transaction are not specified in the excerpt provided; check the full Form 4 for the insider’s post-transaction beneficial ownership.
Context
- These awards appear to be routine non-employee director compensation (grant/RSU). Such grants do not involve cash purchase or sale and should not be interpreted alone as a buy/sell signal about the director’s personal market view.
- The derivative (RSU) award will convert to shares only upon the triggering settlement events described in the footnote; until then it represents a right to future shares rather than currently issued stock.