Albemarle director converts phantom stock to shares
Albemarle Corporation director Gerald A. Steiner reported conversions of deferred phantom stock into common shares.
Rhea-AI Filing Summary
Albemarle Corporation director Gerald A. Steiner reported conversions of deferred phantom stock into common shares. On February 18, 2026, he exercised phantom stock units in two transactions, settling 153 units and 781 units into the same number of Albemarle common shares at a stated price of $0.00 per share.
The phantom stock represents deferred director compensation under Albemarle’s non‑employee director stock compensation and deferral plans, with units converting on a 1‑for‑1 basis into common stock and including dividend equivalent rights. Following these transactions, Steiner’s directly held common and phantom stock balances increased as part of his compensation arrangements rather than open‑market purchases.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 153 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 781 | $0.00 | $0.00 |
| Exercise | Common Stock | 153 | $0.00 | $0.00 |
| Exercise | Common Stock | 781 | $0.00 | $0.00 |
Footnotes (9)
- F1. The reporting person settled 153 shares of Phantom Stock for the same number of shares of common stock.
- F2. Phantom Stock units convert 1 for 1 into common stock.
- F3. The reporting person settled 781 shares of Phantom Stock for the same number of shares of common stock.
- F4. Represents deferred director compensation under the Albemarle Corporation 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors.
- F5. Exerciseable in five annual installments beginning on February 15th of the year after the year in which the reporting person reached 65 years of age.
- F6. No expiration date.
- F7. Includes dividend equivalent rights earned based on total Phantom Stock units in Director's deferred stock account.
- F8. Represents deferred director compensation under the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors
- F9. Exercisable in a single lump sum on February 15th of the calendar year after the year in which the reporting reached 65 years of age.
FAQ
What insider transaction did Albemarle (ALB) director Gerald A. Steiner report?
Were Gerald A. Steiner’s Albemarle (ALB) transactions open-market stock purchases or sales?
What are Albemarle (ALB) phantom stock units held by director Gerald A. Steiner?
How do Albemarle (ALB) phantom stock units convert into common stock?
What plans govern Gerald A. Steiner’s Albemarle (ALB) deferred phantom stock?
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