Define: Dividend Equivalent Units
What does "Dividend Equivalent Units" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (EQUIFAX INC, seen in 1 filing)
Dividend Equivalent Units means the right to receive a payment, in cash or shares of Common Stock, equal to the cash dividends and other distributions paid with respect to shares of Common Stock.
Source: EQUIFAX INC 10-K
Definition 2 (ENBRIDGE INC, seen in 1 filing)
Dividend Equivalent Units means additional PSUs received as dividend equivalent rights.
Source: ENBRIDGE INC 10-Q
Data extracted from 2 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.