4Accepted Sep 24, 4:25 PM ET
Ralliant (RAL) Chief Accounting Officer Osben Teo Receives Award (3.9 shares)
Accepted (ET)
4:25 PM
Sep 24, 2026
Filed
Sep 24, 2026
Documents
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6.8 KB
Summary
Ralliant (RAL) Chief Accounting Officer Osben Teo Receives Award (3.9 shares)
What Happened Osben Teo, Chief Accounting Officer of Ralliant Corp (RAL), was credited with 3.9 notional/phantom shares under the company’s Executive Deferred Incentive Program (EDIP) on 2026-09-23. The award is reported at a per-share closing price of $69.99, for a total reported value of approximately $273. This transaction is coded as an award/grant (A) and represents a derivative not an open-market purchase.
Key Details
- Transaction date: 2026-09-23; Form 4 filed: 2026-09-24 (appears timely).
- Transaction type/code: Award/Grant (A) — notional/phantom shares (derivative).
- Amount: 3.9 phantom shares at $69.99 each; total ~$273.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes:
- F1 — These are notional dividend accruals on phantom shares in the EDIP Stock Fund; number based on NYSE closing price on the credit date.
- F2 — Notional shares settle 1:1 in Ralliant common stock.
- F3 — Voluntary contributions vest immediately; employer contributions vest per EDIP schedule (100% on death, retirement after meeting service/age rules, or pro rata after five years). Upon termination, vested amounts are settled in common stock.
Context This was a deferred-compensation credit (phantom/share unit accrual), not an open-market buy or sale. Such awards are routine elements of executive compensation and do not necessarily signal a personal buy or sell decision. Because the notional shares convert to actual shares on a one-to-one basis when settled and are subject to vesting rules, eventual stock issuance could occur in the future depending on vesting and termination conditions.