Black Hills director receives 1,921-share stock grant
Black Hills Corp. director Tony A. Jensen reported an equity grant of 1,921 shares of common stock as a non-employee director restricted stock unit award.
Rhea-AI Filing Summary
Black Hills Corp. director Tony A. Jensen reported an equity grant of 1,921 shares of common stock as a non-employee director restricted stock unit award. The shares were acquired at a stated price of $0.0000 per share and increase his direct holdings to 18,117.5789 shares of common stock.
He also reports an indirect position in Phantom Stock Units held by a trust, representing 4,250.9788 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,921 shares
Grant/Award
2 txns
Insider
Jensen Tony A
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 — 18,117.5789 shares (Direct);
Phantom Stock Unit — 4,250.9788 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
Restricted stock grant: 1,921 shares
Direct common stock holdings: 18,117.5789 shares
Phantom Stock Units underlying shares: 4,250.9788 shares
+1 more
4 metrics
Restricted stock grant
1,921 shares
Non-employee director restricted stock unit grant on 2026-05-01
Direct common stock holdings
18,117.5789 shares
Direct ownership after reported grant
Phantom Stock Units underlying shares
4,250.9788 shares
Indirect holdings via trust, 1-for-1 conversion ratio
Exercise price of Phantom Stock Units
$0.0000 per unit
Derivative security exercisable upon retirement
Key Terms
Phantom Stock Unit, Restricted Stock Unit, derivative security, conversion ratio
4 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit" with underlying security title "Common Stock""
Restricted Stock Unit financial
"Footnote states "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.
derivative security financial
"Footnote notes "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.
conversion ratio financial
"Footnote specifies "1 for 1 conversion ratio" for the Phantom Stock Units"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Black Hills (BKH) director Tony A. Jensen report in this Form 4?
Tony A. Jensen reported receiving 1,921 shares of Black Hills common stock as a non-employee director restricted stock unit grant. This award was recorded at a stated price of $0.0000 per share and represents equity compensation rather than an open-market purchase or sale.
What are the Phantom Stock Units reported by Tony A. Jensen for Black Hills (BKH)?
The Phantom Stock Units are derivative securities linked to Black Hills common stock, held indirectly by a trust. They represent 4,250.9788 underlying shares on a 1-for-1 conversion basis and are exercisable upon retirement, expiring at retirement under the terms of the governing agreement.
How are Tony A. Jensen’s indirect holdings in Black Hills (BKH) structured?
His indirect holdings consist of Phantom Stock Units held "By Trust," with an underlying 4,250.9788 shares of Black Hills common stock. These units have an exercise price of $0.0000 and become exercisable upon retirement, at which point they also expire under the agreement’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
