Director Widmar receives 1,250 Phantom Stock units at Albemarle (NYSE: ALB)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albemarle Corporation director Mark R. Widmar received an equity-based compensation award. He was granted 1,250 Phantom Stock units that convert one-for-one into Albemarle common stock. Following this grant, he holds 1,576 Phantom Stock units in his deferred stock account.
The units are an annual non-employee director stock compensation award under Albemarle’s 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors and are payable in shares of common stock upon distribution events selected under the plan. The award is scheduled to vest on July 1, 2027 and has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Widmar Mark R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,250 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 1,576 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: 1,576 units
Conversion ratio: 1 unit : 1 share
+2 more
5 metrics
Phantom Stock grant
1,250 units
Annual non-employee director stock compensation award
Total Phantom Stock after grant
1,576 units
Holdings following July 1, 2026 award
Conversion ratio
1 unit : 1 share
Phantom Stock to Albemarle common stock
Exercise price
$0.00 per unit
Grant of Phantom Stock units
Vesting date
July 1, 2027
Scheduled vesting of 1,250 Phantom Stock units
Key Terms
Phantom Stock, dividend equivalent rights, 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors, non-employee director stock compensation
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"
non-employee director stock compensation financial
"represent an annual award of non-employee director stock compensation"
FAQ
What did Albemarle (ALB) director Mark R. Widmar report on this Form 4?
Mark R. Widmar reported receiving 1,250 Phantom Stock units as an equity-based compensation award. These units are tied to Albemarle common stock and increase his total Phantom Stock holdings to 1,576 units in his deferred stock account under the company’s 2023 non-employee director plan.
When do the newly granted Albemarle (ALB) Phantom Stock units vest?
The 1,250 Phantom Stock units granted to Mark R. Widmar are scheduled to vest on July 1, 2027. Vesting means the award becomes non-forfeitable at that date, after which the units remain outstanding until paid in shares based on the plan’s distribution rules.
Is this Albemarle (ALB) Form 4 a stock purchase or routine director compensation?
This Form 4 reflects routine non-employee director compensation, not an open-market stock purchase or sale. The transaction is coded as a grant or award of 1,250 Phantom Stock units at a price of $0.00 per unit under Albemarle’s 2023 director compensation and deferral plan.
How many Albemarle (ALB) Phantom Stock units does the director hold after this grant?
After receiving the 1,250-unit award, Mark R. Widmar holds a total of 1,576 Phantom Stock units. This total includes the new grant plus previously accumulated units and associated dividend equivalent rights in his deferred stock account under Albemarle’s 2023 director compensation plan.