Albemarle (NYSE: ALB) director receives 1,250 Phantom Stock units as annual award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MINOR GLENDA J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,250 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 5,606 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 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 Phantom Stock units in Director's deferred stock account.
Key Figures
Phantom Stock grant: 1,250 units
Phantom Stock balance: 5,606 units
Conversion ratio: 1 unit : 1 share
+2 more
5 metrics
Phantom Stock grant
1,250 units
Annual non-employee director award
Phantom Stock balance
5,606 units
Total units following transaction
Conversion ratio
1 unit : 1 share
Phantom Stock to common stock
Vesting date
July 1, 2027
Vesting of 1,250-unit award
Exercise/issue price
$0.00 per unit
Grant price for Phantom Stock
Key Terms
Phantom Stock, 2023 Directors Plan, dividend equivalent rights
3 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.
2023 Directors Plan financial
"stock compensation issued under the 2023 Directors Plan."
dividend equivalent rights financial
"Includes dividend equivalent rights earned based on total Phantom Stock units"
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.
FAQ
What did ALBEMARLE CORP director Glenda J. Minor report on this Form 4 for ALB?
Director Glenda J. Minor reported receiving 1,250 Phantom Stock units as non-employee director stock compensation. The grant increases her total Phantom Stock holdings to 5,606 units, all linked to Albemarle’s common stock on a 1-for-1 basis.
How many Phantom Stock units did Glenda J. Minor acquire in the latest ALB Form 4?
She acquired 1,250 Phantom Stock units at a stated price of $0.00 per unit as an annual stock compensation award. These units convert 1-for-1 into Albemarle common stock and add to her existing deferred stock account balance.
When do Glenda J. Minor’s newly granted ALB Phantom Stock units vest?
The 1,250 newly granted Phantom Stock units are scheduled to vest on July 1, 2027. Vesting means the director earns the right to receive shares, consistent with the deferred stock and payout rules of the 2023 Directors Plan.
What is the total Phantom Stock balance reported for Glenda J. Minor at ALB?
After the award, her total Phantom Stock holdings are 5,606 units. This figure includes the new 1,250-unit grant plus prior deferred awards, along with additional dividend equivalent rights tied to the total units in her deferred stock account.
How do ALB Phantom Stock units reported on this Form 4 convert into common stock?
Each Phantom Stock unit converts into one share of Albemarle common stock, on a 1-for-1 basis. The payout occurs as shares of common stock upon events established by the director, in line with the 2023 Directors Plan provisions.
Do the Phantom Stock units in this ALB Form 4 have an expiration date?
The filing states there is no expiration date on the Phantom Stock units. They remain outstanding until they vest and are settled in common stock, according to the timing and events defined under the 2023 Directors Plan.