Define: Dividend Equivalent Right
What does "Dividend Equivalent Right" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.
Definition 1 (DANAHER CORP /DE/, seen in 1 filing)
Dividend Equivalent Right means dividend equivalents equal to (i) the per share cash dividend paid by the Company on its Common Stock with respect to such record date, multiplied by (ii) the total number of PSUs subject to the Award that vest.
Source: DANAHER CORP /DE/ 10-K
Definition 2 (DANAHER CORP /DE/, seen in 1 filing)
Dividend Equivalent Right means the per share cash dividend paid by the Company on its Common Stock with respect to such record date, multiplied by the total number of PSUs subject to the Award that vest.
Source: DANAHER CORP /DE/ 10-K
Definition 3 (Cboe Global Markets, Inc., seen in 1 filing)
Dividend Equivalent Right means a right to receive, with respect to any dividends or other distributions on a share of Stock underlying a Restricted Stock Unit, dividend equivalents on the share of Stock, as though such share of Stock had been issued and outstanding, fully vested, and held by the Participant on the record date of payment of such dividends. Subject to Section 7.4, Dividend Equivalent Rights may be provided in connection with an Award of Restricted Stock Units under the Plan, but not in connection with an Award of Restricted Stock or Options.
Source: Cboe Global Markets, Inc. 10-K
Data extracted from 3 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.