Director at Albemarle (NYSE: ALB) receives 1,250 phantom stock units as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALBEMARLE CORP reported a routine equity compensation award for non-employee director Holly Van Deursen. She received 1,250 Phantom Stock units, which convert 1-for-1 into common stock. These units represent annual director stock compensation under Albemarle’s 2023 Directors Plan and are scheduled to vest on July 1, 2027.
The Phantom Stock will be paid in shares of common stock upon events she has established under the plan. Following this award, Van Deursen now holds 10,028 Phantom Stock units in her deferred stock account. This is a grant/award acquisition, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Van Deursen Holly
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,250 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 10,028 shares (Direct, null)
Footnotes (1)
- Phantom Stock units convert 1 for 1 into common stock. Phantom Stock units represent an annual award of non-employee director stock compensation issued under the 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors of Albemarle Corporation (the "2023 Directors Plan"). Units to vest on July 1, 2027. Payable as shares of common stock upon events established by the reporting person in accordance with the terms of the 2023 Directors Plan. No expiration date. Includes dividend equivalent rights earned based on total shares of Phantom Stock in reporting person's deferred stock account.
Key Figures
Phantom Stock grant: 1,250 units
Total Phantom Stock after grant: 10,028 units
Conversion ratio: 1 unit : 1 common share
+2 more
5 metrics
Phantom Stock grant
1,250 units
Annual non-employee director stock compensation award
Total Phantom Stock after grant
10,028 units
Holdings following reported transaction
Conversion ratio
1 unit : 1 common share
Phantom Stock converts into common stock
Vesting date
July 1, 2027
Scheduled vesting of 1,250 Phantom Stock units
Transaction price per unit
$0.0000
Grant/award acquisition with no cash price
Key Terms
Phantom Stock, dividend equivalent rights, 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors, deferred stock account
4 terms
Phantom Stock financial
"Phantom Stock units convert 1 for 1 into common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
dividend equivalent rights financial
"Includes dividend equivalent rights earned based on total shares of Phantom Stock"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors financial
"issued under the 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors"
deferred stock account financial
"Phantom Stock in reporting person's deferred stock account."
FAQ
What did Albemarle (ALB) director Holly Van Deursen report on this Form 4?
Holly Van Deursen reported receiving a grant of 1,250 Phantom Stock units as non-employee director compensation. These units are part of Albemarle’s 2023 Directors Plan and convert into common stock upon specified payment events.
Is the Albemarle (ALB) Form 4 a stock purchase or sale by the director?
The Form 4 reflects a grant/award acquisition, not an open-market buy or sell. Van Deursen received Phantom Stock units as compensation, with no cash transaction at a market price reported in this filing.
When do Holly Van Deursen’s Albemarle (ALB) Phantom Stock units vest?
The 1,250 Phantom Stock units reported in the filing are scheduled to vest on July 1, 2027. After vesting, they remain payable in shares of common stock upon events she established under the 2023 Directors Plan.
How many Albemarle (ALB) Phantom Stock units does Holly Van Deursen hold after this grant?
After the reported grant, Van Deursen holds 10,028 Phantom Stock units in total. This figure includes the new 1,250-unit award and any dividend equivalent rights credited in her deferred stock account.
What does Albemarle’s Phantom Stock represent for non-employee directors?
Phantom Stock units for Albemarle directors represent stock-based compensation that converts 1-for-1 into common shares. They are granted under the 2023 Directors Plan and are payable in common stock upon specified distribution events chosen by the director.