Albemarle director granted 1,250 Phantom Stock units
Albemarle Corporation director Mark R. Widmar received an equity-based compensation award.
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
| 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
non-employee director stock compensation financial
FAQ
What did Albemarle (ALB) director Mark R. Widmar report on this Form 4?
When do the newly granted Albemarle (ALB) Phantom Stock units vest?
Is this Albemarle (ALB) Form 4 a stock purchase or routine director compensation?
How many Albemarle (ALB) Phantom Stock units does the director hold after this grant?
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