Alliant Energy Corp (LNT) director gets 837.696 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garcia Michael Dennis reported acquisition or exercise transactions in this Form 4 filing.
Alliant Energy Corp director Michael Dennis Garcia reported a grant of 837.696 Deferred Common Stock Units on July 10, 2026, at a reference value of $76.40 per unit. These units will be settled in common shares when his board service ends, bringing his deferred unit balance to 26,794.316, including dividend reinvestment adjustments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garcia Michael Dennis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Common Stock Units | 837.696 | $76.40 | $64K |
Holdings After Transaction:
Deferred Common Stock Units — 26,794.316 shares (Direct)
Footnotes (1)
- Units are to be settled in shares of common stock upon the reporting person's termination of services as a director. Includes adjustments for accrued dividends, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
Key Figures
Deferred units granted: 837.6960 units
Reference value per unit: $76.4000
Deferred units after award: 26794.3160 units
+2 more
5 metrics
Deferred units granted
837.6960 units
Deferred Common Stock Units awarded on 2026-07-10
Reference value per unit
$76.4000
Per-unit value for the 2026-07-10 deferred stock unit award
Deferred units after award
26794.3160 units
Total Deferred Common Stock Units held directly after the reported transaction
Underlying common stock equivalents
837.6960 shares
Common Stock underlying the newly granted Deferred Common Stock Units
Conversion price
$0.0000
Conversion or exercise price for the Deferred Common Stock Units
Key Terms
Deferred Common Stock Units, dividend reinvestment, Section 16, Rule 16a-11
4 terms
Deferred Common Stock Units financial
"Units are to be settled in shares of common stock upon the reporting person's termination"
Deferred common stock units are promises to deliver company shares or cash tied to the company’s stock value at a later date, typically used as part of employee or executive pay. Think of them like a paycheck you elect to receive in company stock at a future date; they can affect the number of shares outstanding and company expenses, so investors watch them for potential dilution and to understand management’s incentives.
dividend reinvestment financial
"Includes adjustments for accrued dividends, pursuant to a dividend reinvestment transaction"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Section 16 regulatory
"dividend reinvestment transaction exempt from Section 16 under Rule 16a-11"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"dividend reinvestment transaction exempt from Section 16 under Rule 16a-11"
FAQ
What insider transaction did Alliant Energy (LNT) report for Michael Dennis Garcia?
Alliant Energy director Michael Dennis Garcia was awarded 837.696 Deferred Common Stock Units on July 10, 2026, at a reference value of $76.40 per unit. This is an equity compensation grant, not an open‑market stock purchase or sale.
How many deferred units does Michael Dennis Garcia hold at Alliant Energy (LNT) after this grant?
After the award, Garcia directly holds 26,794.316 Deferred Common Stock Units. This total includes adjustments for accrued dividends that were added through a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
What are Deferred Common Stock Units in the Alliant Energy (LNT) filing?
Deferred Common Stock Units are equity-based units that track Alliant Energy’s common stock and are settled in shares later. For Garcia, settlement occurs in common stock when his service as a director ends, aligning his compensation with long-term shareholder value.
Did the Alliant Energy (LNT) director’s transaction involve dividend reinvestment?
Yes. The Form 4 explains that Garcia’s reported deferred unit holdings include adjustments for accrued dividends, credited through a dividend reinvestment transaction that is exempt from Section 16 reporting requirements under Rule 16a-11.
Was this Alliant Energy (LNT) director transaction a market purchase or sale of common stock?
No. The transaction is coded as a grant, award, or other acquisition of Deferred Common Stock Units, with a conversion price of $0.0000. It reflects compensation, not an open‑market trade in Alliant Energy common stock.