ALBEMARLE (NYSE: ALB) director receives stock and 1,250 Phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALBEMARLE CORP director Alejandro Daniel Wolff acquired additional equity-based compensation and dividend-related holdings in the company. He received 33 shares of common stock at no cost through an automatic dividend reinvestment program and now directly holds 13,044 common shares.
He also was granted 1,250 Phantom Stock units, which convert 1-for-1 into common stock and are payable as shares under the 2023 Directors Plan, bringing his Phantom Stock balance to 7,590 units. These Phantom Stock amounts include dividend equivalent rights and represent an annual non-employee director stock installment scheduled to vest on July 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wolff Alejandro Daniel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,250 | $0.00 | -- |
| Grant/Award | Common Stock | 33 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 7,590 shares (Direct, null);
Common Stock — 13,044 shares (Direct, null)
Footnotes (1)
- The transaction represents dividends acquired under an automatic dividend reinvestment program for Company stock. Phantom Stock units convert 1 for 1 into common stock. Shares represent an annual installment of non-employee director stock compensation pursuant to the 2023 Directors Plan. Shares 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
Common shares granted: 33 shares
Common shares held after: 13,044 shares
Phantom Stock grant: 1,250 units
+3 more
6 metrics
Common shares granted
33 shares
Dividend reinvestment on Common Stock
Common shares held after
13,044 shares
Direct ALB common stock ownership after transaction
Phantom Stock grant
1,250 units
New Phantom Stock units acquired as director compensation
Phantom Stock balance
7,590 units
Total Phantom Stock units after grant, incl. dividend equivalents
Vesting date
July 1, 2027
Annual non-employee director stock installment vesting
Transactions acquired
2 entries
One common stock acquisition, one Phantom Stock grant
Key Terms
Phantom Stock, automatic dividend reinvestment program, 2023 Directors Plan, dividend equivalent rights, +1 more
5 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.
automatic dividend reinvestment program financial
"transaction represents dividends acquired under an automatic dividend reinvestment program for Company stock."
2023 Directors Plan financial
"Shares represent an annual installment of non-employee director stock compensation pursuant to the 2023 Directors Plan."
dividend equivalent rights financial
"Includes dividend equivalent rights earned based on total Phantom Stock units in Director's deferred stock account."
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.
non-employee director stock compensation financial
"Shares represent an annual installment of non-employee director stock compensation pursuant to the 2023 Directors Plan."
FAQ
What did ALB director Alejandro Daniel Wolff acquire in this Form 4 filing?
Alejandro Daniel Wolff acquired 33 ALBEMARLE CORP common shares via dividend reinvestment and 1,250 Phantom Stock units as director compensation. Both awards were granted at no cash cost, increasing his direct stock and deferred Phantom Stock holdings under the 2023 Directors Plan.
What are the terms of the 1,250 Phantom Stock units reported for ALB?
The 1,250 Phantom Stock units convert 1-for-1 into ALB common stock and have no expiration date. They are payable as shares upon events Wolff selects, in line with the 2023 Directors Plan governing non-employee director deferred stock compensation.
How many Phantom Stock units in ALB does Wolff hold after this grant?
Following the 1,250-unit Phantom Stock grant, Wolff holds a total of 7,590 Phantom Stock units. This total includes dividend equivalent rights earned on the balance of units in his deferred stock account, reflecting accumulated director compensation over time.
Was Wolff’s ALB common stock acquisition an open-market purchase?
The filing states the 33 ALB common shares were acquired through an automatic dividend reinvestment program. This means cash dividends on existing holdings were reinvested into stock, rather than Wolff making a discretionary open-market purchase for cash.