Albemarle director granted 1,250 Phantom Stock units
ALBEMARLE CORP director Glenda J. Minor received a grant of 1,250 Phantom Stock units tied to common shares.
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Rhea-AI Filing Summary
ALBEMARLE CORP director Glenda J. Minor received a grant of 1,250 Phantom Stock units tied to common shares. The award represents non-employee director stock compensation under the 2023 Directors Plan and converts into common stock on a 1-for-1 basis.
The units are scheduled to vest on July 1, 2027 and are payable as shares of common stock upon events she establishes under the plan’s terms. Following this grant, Minor holds a total of 5,606 Phantom Stock units, which also accrue dividend equivalent rights and have no expiration date.
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 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 Phantom Stock units in Director's deferred stock account.
Key Figures
Key Terms
Phantom Stock financial
2023 Directors Plan financial
dividend equivalent rights financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ALBEMARLE CORP director Glenda J. Minor report on this Form 4 for ALB?
How many Phantom Stock units did Glenda J. Minor acquire in the latest ALB Form 4?
When do Glenda J. Minor’s newly granted ALB Phantom Stock units vest?
What is the total Phantom Stock balance reported for Glenda J. Minor at ALB?
How do ALB Phantom Stock units reported on this Form 4 convert into common stock?
Do the Phantom Stock units in this ALB Form 4 have an expiration date?
AI-generated analysis. How Rhea-AI works. Not financial advice.