Amount not Dividing over Pay Periods

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Hello,

I am working on testing a new Standard Earning element. When I add the element to an employee, the system is not dividing the amount over the pay periods. For Example. The Begin date of the element entry is 8-15-21 to 10-09-21 (4 Pay Periods). The amount entered is $2025 and it should divide to $675 per pay. But the system is paying the person the full amount on each pay period. We are Biweekly. Below is information on how the element was setup.

Primary Classification: Standard Earnings
Secondary Classification: Regular

Periodicity: Periodically
Periodicity Conversion Rule: Standard Rate Annualized