Black Hills director awarded 1,921 share grant
BLACK HILLS CORP /SD/ director Barry M. Granger received a grant of 1,921 shares of Common Stock as a restricted stock unit award at no cost.
Rhea-AI Filing Summary
BLACK HILLS CORP /SD/ director Barry M. Granger received a grant of 1,921 shares of Common Stock as a restricted stock unit award at no cost. This compensation-related acquisition increased his direct holdings to 11,715.8959 Common Stock shares.
He also has an indirect position in Phantom Stock Units held by a trust, representing 2,335.0121 underlying Common Stock shares 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
Granger Barry M
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 — 11,715.8959 shares (Direct);
Phantom Stock Unit — 2,335.0121 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 unit grant: 1,921 shares
Direct holdings after grant: 11,715.8959 shares
Phantom Stock Units underlying shares: 2,335.0121 shares
+2 more
5 metrics
Restricted stock unit grant
1,921 shares
Common Stock grant at $0.0000 per share to director
Direct holdings after grant
11,715.8959 shares
Total Common Stock directly owned after Form 4 transaction
Phantom Stock Units underlying shares
2,335.0121 shares
Underlying Common Stock represented by Phantom Stock Units held indirectly
Phantom Stock Unit exercise price
$0.0000 per unit
Exercise price for Phantom Stock Units linked to Common Stock
Conversion ratio
1 for 1
Each Phantom Stock Unit converts into one share of Common Stock
Key Terms
Phantom Stock Unit, Restricted Stock Unit, Derivative security, Indirect ownership
4 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit" and underlying_security_title: "Common Stock""
Restricted Stock Unit financial
"Footnote: "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
"Footnotes: "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.
Indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BKH director Barry M. Granger report?
Barry M. Granger reported receiving 1,921 Common Stock shares as a restricted stock unit grant at no cost. This compensation award is classified as an acquisition and increased his directly held Black Hills Corp. shares to 11,715.8959 after the reported transaction.
What are the Phantom Stock Units reported for BKH and how are they structured?
The filing shows Phantom Stock Units tied to Black Hills Corp. Common Stock with a 1-for-1 conversion ratio. They represent 2,335.0121 underlying shares held indirectly by a trust and are exercisable upon retirement, expiring upon retirement under the terms of the related agreement.
Is the BKH Form 4 transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. The 1,921 Common Stock shares were reported with code A as a restricted stock unit grant, awarded at a price of 0.0000 per share, indicating a non-employee director equity compensation award.
How is Barry M. Granger’s indirect ownership in BKH reported?
His indirect ownership is reported through Phantom Stock Units held by a trust. The filing lists 2,335.0121 underlying Common Stock shares associated with these units, with the nature of ownership noted as "By Trust" and the derivative exercisable and expiring upon retirement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
