Black Hills director granted 1,921 common shares
Black Hills Corp director Robert P. Otto received a grant of 1,921 shares of Common Stock as a non-employee director restricted stock unit award at a price of $0.0000 per share.
Rhea-AI Filing Summary
Black Hills Corp director Robert P. Otto received a grant of 1,921 shares of Common Stock as a non-employee director restricted stock unit award at a price of $0.0000 per share. After this grant, his directly held common stock position is 14,994.9672 shares.
He also has an indirect position in Phantom Stock Units held by a trust, representing 9,764.9995 underlying shares of Common Stock on a 1-for-1 conversion ratio. These derivative securities are exercisable upon retirement and expire upon retirement under the terms of the agreement, indicating a long-term, retirement-linked compensation structure rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,921 shares
Grant/Award
2 txns
Insider
Otto Robert P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,921 | $0.00 | $0.00 |
| holding | Phantom Stock Unit | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,994.9672 shares (Direct);
Phantom Stock Unit — 9,764.9995 contracts (Indirect, By Trust)
Footnotes (4)
- F1. Non-employee Director Restricted Stock Unit Grant
- F2. 1 for 1 conversion ratio
- F3. Derivative security is exercisable upon retirement under terms of the agreement.
- F4. Derivative security expires upon retirement under terms of the agreement.
Key Figures
Common stock grant: 1,921 shares
Direct common shares after grant: 14,994.9672 shares
Phantom Stock Units underlying shares: 9,764.9995 shares
+2 more
5 metrics
Common stock grant
1,921 shares
Non-employee Director Restricted Stock Unit Grant at $0.0000 per share
Direct common shares after grant
14,994.9672 shares
Total Common Stock directly owned after the 2026-05-01 award
Phantom Stock Units underlying shares
9,764.9995 shares
Underlying Common Stock associated with Phantom Stock Units held indirectly by trust
Conversion ratio
1 for 1
Each Phantom Stock Unit converts into one share of Common Stock
Exercise price of Phantom Stock Units
$0.0000
Exercise price for Phantom Stock Unit derivative security
Key Terms
Phantom Stock Unit, Non-employee Director Restricted Stock Unit Grant, 1 for 1 conversion ratio, Derivative security
4 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit" and underlying_security_title: "Common Stock""
Non-employee Director Restricted Stock Unit Grant financial
"Footnote states: "Non-employee Director Restricted Stock Unit Grant""
1 for 1 conversion ratio financial
"Footnote notes: "1 for 1 conversion ratio" for the derivative security"
Derivative security financial
"Footnotes describe: "Derivative security is exercisable upon retirement""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did director Robert P. Otto acquire in this Black Hills (BKH) Form 4?
Director Robert P. Otto received a grant of 1,921 shares of Black Hills Common Stock as a non-employee director restricted stock unit award at $0.0000 per share, reflecting routine equity-based compensation rather than an open-market stock purchase.
What are the Phantom Stock Units reported for Black Hills (BKH) in this filing?
The filing shows Phantom Stock Units indirectly owned through a trust, representing 9,764.9995 underlying shares of Common Stock. These units track the value of Black Hills stock and are designed as long-term, retirement-linked compensation rather than ordinary stock holdings.
When can the Phantom Stock Units tied to Black Hills (BKH) be exercised?
The Phantom Stock Units are exercisable upon retirement under the terms of the agreement. A related footnote states the derivative security both becomes exercisable and expires upon retirement, linking their value realization to the director’s retirement timing.
What does the 1-for-1 conversion ratio mean for Black Hills (BKH) Phantom Stock Units?
The filing notes a 1 for 1 conversion ratio, meaning each Phantom Stock Unit corresponds to one share of Black Hills Common Stock. This ratio clarifies that 9,764.9995 units equate economically to the same number of underlying common shares upon settlement.
Is this Black Hills (BKH) Form 4 a buy or sell signal by the director?
The Form 4 reflects a grant/award acquisition, not an open-market buy or sale. Code “A” indicates shares were awarded as compensation, while the Phantom Stock Units represent deferred, retirement-linked incentives rather than discretionary trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
