Director at Fidelity National (NYSE: FNF) receives phantom stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shea Peter O Jr reported acquisition or exercise transactions in this Form 4 filing.
Fidelity National Financial director Peter O. Shea Jr received a grant of 1,077.4161 phantom stock units on this Form 4 date at a reference price of $46.38 per unit under the company’s Deferred Compensation Plan.
Each phantom stock unit is the economic equivalent of one share of FNF common stock but will be settled in cash after his termination of service as a director. Following this grant, he holds 13,040.0315 phantom stock units and 224,614 shares of FNF common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shea Peter O Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,077.416 | $46.38 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 13,040.032 shares (Direct);
Common Stock — 224,614 shares (Direct)
Footnotes (1)
- Phantom stock acquired by the reporting person pursuant to the Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of FNF stock. Shares of phantom stock are payable in cash following the reporting person's termination of service as a director.
Key Figures
Phantom stock granted: 1,077.4161 units
Reference price per phantom unit: $46.38
Phantom stock holdings after grant: 13,040.0315 units
+1 more
4 metrics
Phantom stock granted
1,077.4161 units
Grant under Deferred Compensation Plan on transaction date
Reference price per phantom unit
$46.38
Economic equivalent per share of FNF common stock
Phantom stock holdings after grant
13,040.0315 units
Total phantom stock units following transaction
Common stock holdings
224,614 shares
Direct FNF common stock held after reported transactions
Key Terms
Phantom stock, Deferred Compensation Plan, economic equivalent, termination of service as a director
4 terms
Phantom stock financial
"Phantom stock acquired by the reporting person pursuant to the Deferred Compensation Plan."
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
"Phantom stock acquired by the reporting person pursuant to the 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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of FNF stock."
termination of service as a director financial
"Shares of phantom stock are payable in cash following the reporting person's termination of service as a director."
FAQ
What did FNF director Peter O. Shea Jr acquire in this Form 4?
Peter O. Shea Jr received a grant of 1,077.4161 phantom stock units tied to Fidelity National Financial common stock. These units were awarded under the company’s Deferred Compensation Plan and represent compensation, not an open-market purchase of shares.
How does the phantom stock grant for FNF’s director work?
Each phantom stock unit is economically equivalent to one share of FNF common stock but will be paid in cash. Payment occurs after the director’s termination of service, aligning compensation with the company’s stock performance over time without issuing additional shares.
What are Peter O. Shea Jr’s holdings after this FNF phantom stock award?
After the award, Peter O. Shea Jr holds 13,040.0315 phantom stock units and 224,614 shares of Fidelity National Financial common stock directly. The phantom stock units will be settled in cash in the future, while the common shares represent current direct ownership.
Was this FNF insider transaction a market buy or sell?
No, the filing shows a grant of phantom stock classified as a grant or award acquisition, not a market trade. The director did not report open-market buying or selling; instead, he received compensation units under a Deferred Compensation Plan.
When will the FNF phantom stock granted to the director be paid out?
The phantom stock units will be payable in cash following Peter O. Shea Jr’s termination of service as a director. Until then, they function as deferred compensation whose value tracks Fidelity National Financial’s common stock price performance.