Merck (NYSE: MRK) director granted 1853 cash-settled phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOCER THOMAS H reported acquisition or exercise transactions in this Form 4 filing.
Merck & Co., Inc. director Thomas H. Glocer reported updated holdings, including a new grant of phantom stock units tied to the company’s common shares. He received 1853.0997 phantom stock units, each tracked on a 1-for-1 basis to Merck common stock and awarded at a reference price of $118.7200 per unit.
Following this grant, Glocer holds 110911.7587 phantom stock units, which are to be settled entirely in cash after his termination of service under the Plan for Deferred Payment of Directors' Compensation. His direct common stock holdings total 5100.0000 shares, including shares accumulated through dividend reinvestment transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GLOCER THOMAS H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,853.1 | $118.72 | $220K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 110,911.759 shares (Direct, null);
Common Stock — 5,100 shares (Direct, null)
Footnotes (1)
- 1-for-1 Phantom stock units are to be settled 100% in cash upon reporting person's termination of service in accordance with a distribution schedule elected pursuant to the terms of the Plan for Deferred Payment of Directors' Compensation. Holdings include shares acquired in dividend reinvestment transactions.
Key Figures
Phantom stock units granted: 1853.0997 units
Phantom stock reference price: $118.7200 per unit
Total phantom units after grant: 110911.7587 units
+2 more
5 metrics
Phantom stock units granted
1853.0997 units
Grant to director Thomas H. Glocer on 2026-05-29
Phantom stock reference price
$118.7200 per unit
Value used for the 1853.0997 phantom stock units
Total phantom units after grant
110911.7587 units
Director’s phantom stock balance following the transaction
Common shares held
5100.0000 shares
Direct Merck common stock holdings after reported transactions
Phantom stock conversion ratio
1-for-1
Each unit tracks one Merck common share in value
Key Terms
Phantom stock, Plan for Deferred Payment of Directors' Compensation, dividend reinvestment transactions
3 terms
Phantom stock financial
"Phantom Stock units are to be settled 100% in cash upon reporting person's termination of service"
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.
Plan for Deferred Payment of Directors' Compensation financial
"in accordance with a distribution schedule elected pursuant to the terms of the Plan for Deferred Payment of Directors' Compensation"
dividend reinvestment transactions financial
"Holdings include shares acquired in dividend reinvestment transactions."
FAQ
What did Merck (MRK) director Thomas H. Glocer report in this Form 4?
Thomas H. Glocer reported a new grant of 1853.0997 phantom stock units and updated holdings. He now holds 110911.7587 phantom units and 5100.0000 Merck common shares, including shares from dividend reinvestment.
How many phantom stock units does Merck (MRK) director Glocer now hold?
After the reported grant, Thomas H. Glocer holds 110911.7587 phantom stock units. These units are tracked 1-for-1 to Merck common stock but are settled entirely in cash upon his termination of service.
What is the size and price of the new phantom stock grant at Merck (MRK)?
Glocer received 1853.0997 phantom stock units at a reference price of $118.7200 per unit. The units mirror Merck common stock value on a 1-for-1 basis but do not deliver actual shares.
How and when are Merck (MRK) phantom stock units for directors settled?
The phantom stock units are settled 100% in cash upon the director’s termination of service. Payment follows a distribution schedule elected under the Plan for Deferred Payment of Directors' Compensation.