Albemarle director granted 1,250 phantom stock units
ALBEMARLE CORP reported a routine equity compensation award for non-employee director Holly Van Deursen.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,250 | $0.00 | $0.00 |
Footnotes (5)
- F1. Phantom Stock units convert 1 for 1 into common stock.
- F2. 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.
- F3. Payable as shares of common stock upon events established by the reporting person in accordance with the terms of the 2023 Directors Plan.
- F4. No expiration date.
- F5. Includes dividend equivalent rights earned based on total shares of Phantom Stock in reporting person's deferred stock account.
Key Figures
Key Terms
Phantom Stock financial
dividend equivalent rights financial
2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors financial
deferred stock account financial
FAQ
What did Albemarle (ALB) director Holly Van Deursen report on this Form 4?
Is the Albemarle (ALB) Form 4 a stock purchase or sale by the director?
When do Holly Van Deursen’s Albemarle (ALB) Phantom Stock units vest?
How many Albemarle (ALB) Phantom Stock units does Holly Van Deursen hold after this grant?
What does Albemarle’s Phantom Stock represent for non-employee directors?
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