Deferred stock unit grant to Alliant Energy (LNT) board director
Rhea-AI Filing Summary
ALLEN PATRICK E reported acquisition or exercise transactions in this Form 4 filing.
Alliant Energy Corp director Patrick E. Allen received a grant of 490.838 Deferred Common Stock Units, referenced at $76.40 per unit. These units will be settled in shares of common stock when his board service ends and bring his deferred unit holdings to 46,349.141, including adjustments for accrued dividends through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ALLEN PATRICK E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Common Stock Units | 490.838 | $76.40 | $38K |
Holdings After Transaction:
Deferred Common Stock Units — 46,349.141 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: 490.838 units
Reference price per unit: $76.4000
Deferred units after award: 46,349.141 units
+1 more
4 metrics
Deferred units granted
490.838 units
Deferred Common Stock Units awarded to director Patrick E. Allen
Reference price per unit
$76.4000
Transaction price per Deferred Common Stock Unit for the award
Deferred units after award
46,349.141 units
Total Deferred Common Stock Units held following the transaction
Exercise price
$0.0000
Conversion or exercise price of the Deferred Common Stock Units
Key Terms
Deferred Common Stock Units, Section 16, Rule 16a-11, dividend reinvestment
4 terms
Deferred Common Stock Units financial
"The security reported is described as "Deferred Common Stock Units"."
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.
Section 16 regulatory
"A dividend reinvestment transaction is noted as exempt from Section 16."
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 adjustments are described as exempt under Rule 16a-11."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Alliant Energy (LNT) report for Patrick E. Allen?
Alliant Energy reported that director Patrick E. Allen received an award of 490.838 Deferred Common Stock Units. The units reference a value of $76.40 per unit and will convert into shares of common stock when his service as a director ends.
How many deferred stock units does Patrick E. Allen now hold at Alliant Energy (LNT)?
After the latest award, Patrick E. Allen holds a total of 46,349.141 Deferred Common Stock Units. This balance includes adjustments for accrued dividends that were credited through a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
Was the Alliant Energy (LNT) transaction an open-market stock purchase or sale?
No, the reported activity was an award of Deferred Common Stock Units, not an open-market purchase or sale. The transaction is coded as a grant, with no exercise price, and will be settled in common shares upon the end of Allen’s board service.
When will Patrick E. Allen’s Deferred Common Stock Units at Alliant Energy (LNT) be settled?
The Deferred Common Stock Units are scheduled to be settled in shares of common stock upon Patrick E. Allen’s termination of services as a director. Until then, they remain as deferred units that track the value of Alliant Energy common stock.
How are dividends handled on Patrick E. Allen’s deferred units at Alliant Energy (LNT)?
His reported deferred unit balance includes adjustments for accrued dividends. These adjustments arise from a dividend reinvestment transaction that is exempt from Section 16 reporting under Rule 16a-11, effectively crediting additional units instead of paying cash.