Ameriprise Financial (NYSE: AMP) CEO converts phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameriprise Financial executive William F. Truscott, CEO of Global Asset Management, reported the vesting and conversion of 391.6398 shares of phantom stock into Ameriprise common stock on July 9, 2026. Of these, 180.6398 shares were forfeited to cover tax obligations at $500.1600 per share, with remaining shares reflected in his direct, 401(k) and LLC holdings, and 639.1184 phantom stock units still outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
391.64 shares exercised/converted
Mixed
5 txns
Insider
TRUSCOTT WILLIAM F
Role
CEO, GLOBAL ASSET MANAGEMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 391.64 | -- | -- |
| Exercise | Common Stock | 391.64 | -- | -- |
| Tax Withholding | Common Stock | 180.64 | $500.16 | $90K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 639.118 shares (Direct);
Common Stock — 5,185.64 shares (Direct);
Common Stock — 12,360 shares (Indirect, By LLC)
Footnotes (1)
- Each share of phantom stock represents the right to receive one share of Ameriprise Financial, Inc. common stock. The balances reflect the transfer of the shares remaining following the forfeiture of shares to satisfy tax withholding upon vesting to the reporting person's indirect LLC holdings. Estimate of the number of shares held in the reporting person's account in the Ameriprise Financial Stock Fund under the Ameriprise Financial 401(k) plan as of July 9, 2026. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Ameriprise stock. Shares of phantom stock are payable in shares of Ameriprise common stock following termination of employment or during a specified future year in accordance with The Ameriprise Financial Deferred Compensation Plan.
Key Figures
Phantom stock converted: 391.6398 shares
Shares withheld for taxes: 180.6398 shares
Tax withholding valuation price: $500.1600 per share
+4 more
7 metrics
Phantom stock converted
391.6398 shares
Shares of phantom stock converted into Ameriprise common stock on July 9, 2026
Shares withheld for taxes
180.6398 shares
Common shares delivered to satisfy tax withholding obligations on vesting
Tax withholding valuation price
$500.1600 per share
Price used to value shares forfeited in the F-code tax-withholding transaction
Direct common stock holdings
4794.0000 shares
Ameriprise common stock held directly by William F. Truscott after tax withholding
Indirect LLC holdings
12360.0000 shares
Ameriprise common stock held indirectly through an LLC associated with the reporting person
401(k) plan holdings
309.7900 shares
Estimated Ameriprise Financial Stock Fund units in the 401(k) plan as of July 9, 2026
Remaining phantom stock units
639.1184 units
Phantom stock balance payable in Ameriprise common shares under the Deferred Compensation Plan
Key Terms
phantom stock, Deferred Compensation Plan, tax withholding, unit accounting
4 terms
phantom stock financial
"Each share of phantom stock represents the right to receive one share..."
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.
Deferred Compensation Plan financial
"in accordance with The Ameriprise Financial Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
tax withholding financial
"forfeiture of shares to satisfy tax withholding upon vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
unit accounting financial
"This plan uses unit accounting and the number of shares that a participant..."
FAQ
What did William F. Truscott report in his Ameriprise (AMP) Form 4?
He reported vesting and conversion of 391.6398 phantom stock units into Ameriprise common shares on July 9, 2026, with 180.6398 shares forfeited to cover taxes and updated balances across direct holdings, a 401(k) plan and an LLC.
What is phantom stock in Ameriprise (AMP)’s compensation plans?
Each unit of phantom stock represents the right to receive one share of Ameriprise common stock. These units are payable in shares following termination of employment or in a specified future year under The Ameriprise Financial Deferred Compensation Plan.
How are Ameriprise (AMP) 401(k) holdings reported for William F. Truscott?
His 401(k) position is reported as an estimated 309.7900 shares in the Ameriprise Financial Stock Fund as of July 9, 2026. The plan uses unit accounting, so the deemed share count varies with Ameriprise’s stock price.