BLACK HILLS director granted 1,921 BKH shares
BLACK HILLS CORP director Teresa Taylor reported a stock award and updated equity holdings.
Rhea-AI Filing Summary
BLACK HILLS CORP director Teresa Taylor reported a stock award and updated equity holdings. She received a grant of 1,921 shares of Common Stock as a non-employee director restricted stock unit grant, recorded at a price of $0.00 per share as compensation rather than an open-market purchase.
After this award, she directly holds 13,645.6562 shares of Common Stock. Separately, a trust associated with her indirectly holds Phantom Stock Units tied to 10,385.6725 underlying shares of Common Stock, with a 1-for-1 conversion ratio. These derivative units are exercisable and expire upon retirement under the agreement’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,921 shares
Grant/Award
2 txns
Insider
Taylor Teresa
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 — 13,645.6562 shares (Direct);
Phantom Stock Unit — 10,385.6725 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
Director stock grant: 1,921 shares
Direct holdings after grant: 13,645.6562 shares
Phantom unit underlying shares: 10,385.6725 shares
+1 more
4 metrics
Director stock grant
1,921 shares
Common Stock awarded at $0.00 per share as compensation
Direct holdings after grant
13,645.6562 shares
Common Stock directly owned by Teresa Taylor after transaction
Phantom unit underlying shares
10,385.6725 shares
Underlying Common Stock for Phantom Stock Units held indirectly by trust
Phantom unit exercise price
$0.0000
Exercise price for Phantom Stock Units linked to Common Stock
Key Terms
Phantom Stock Unit, Restricted Stock Unit, conversion ratio, Derivative security
4 terms
Phantom Stock Unit financial
"The Phantom Stock Units represent a derivative interest indirectly held by a trust"
Restricted Stock Unit financial
"Non-employee Director Restricted Stock Unit Grant"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
conversion ratio financial
"They correspond to 10,385.6725 underlying BLACK HILLS CORP Common shares on a 1-for-1 conversion ratio"
The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.
Derivative security financial
"Derivative security is exercisable upon retirement under terms of the agreement"
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 BLACK HILLS CORP (BKH) director Teresa Taylor acquire in this Form 4?
Teresa Taylor received a grant of 1,921 shares of BLACK HILLS CORP Common Stock as compensation. The award is recorded at $0.00 per share and reflects a non-employee director restricted stock unit grant, not an open-market stock purchase or sale.
What are the Phantom Stock Units reported for BLACK HILLS CORP (BKH) in Teresa Taylor’s Form 4?
The Phantom Stock Units represent a derivative interest indirectly held by a trust associated with Teresa Taylor. They correspond to 10,385.6725 underlying BLACK HILLS CORP Common shares on a 1-for-1 conversion ratio, and are tied to retirement-based exercisability and expiration terms.
How are Teresa Taylor’s indirect BLACK HILLS CORP (BKH) holdings structured in this Form 4?
Her indirect holdings are through a trust that owns Phantom Stock Units tied to 10,385.6725 underlying BLACK HILLS CORP Common shares. These derivative units are exercisable upon retirement and expire upon retirement according to the agreement’s specified conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
