NextEra Energy (NEE) director awarded 52 Phantom Stock Units in plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PORGES DAVID L reported acquisition or exercise transactions in this Form 4 filing.
NextEra Energy Inc. director David L. Porges received a grant of 52 Phantom Stock Units on the company’s stock. The units were valued using the issuer’s common stock closing price of $86.12 per share on the grant date.
These Phantom Stock Units are unfunded, theoretical units credited to his account under the NextEra Energy, Inc. Deferred Compensation Plan and are linked to the company’s stock fund performance, including reinvested dividends. Following this grant, his deferred compensation account reflects 6,611 Phantom Stock Units, which are payable in cash at the end of the deferral period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PORGES DAVID L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 52 | $86.12 | $4K |
Holdings After Transaction:
Phantom Stock Units — 6,611 shares (Direct, null)
Footnotes (1)
- Phantom Stock Units approximate the number of phantom shares of the Issuer's common stock attributable to phantom units credited to the reporting person's account under the NextEra Energy, Inc. Deferred Compensation Plan (the "Plan"). Amounts deferred under the Plan, including amounts attributable to reinvested dividends, are deemed to be invested in a number of unfunded theoretical units equal to the number of units which would have been credited if the deferred amounts had been invested in the Issuer's company stock fund in its Retirement Savings Plan (the "Stock Fund"). The Stock Fund is accounted for in units of a unitized pool of stock and cash. Phantom Stock Units are estimated based on the number of theoretical units credited to the reporting person. Accounts are payable in cash at the end of the deferral period. Closing price of Issuer's common stock on NYSE on the relevant date (price used to value units in the Stock Fund). Differences in holdings between any given dates may result from varying percentages of cash and stock held in the Stock Fund on those dates.
Key Figures
Phantom units granted: 52 units
Unit valuation price: $86.12 per share
Total phantom units after grant: 6,611 units
+1 more
4 metrics
Phantom units granted
52 units
Grant of Phantom Stock Units on the transaction date
Unit valuation price
$86.12 per share
Closing price of common stock used to value units
Total phantom units after grant
6,611 units
Phantom Stock Units credited to Porges’ account following transaction
Conversion/exercise price
$0.00
Conversion or exercise price for Phantom Stock Units
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded theoretical units, unitized pool of stock and cash, +1 more
5 terms
Phantom Stock Units financial
"Phantom Stock Units approximate the number of phantom shares of the Issuer's common stock attributable to phantom units credited..."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"credited to the reporting person's account under the NextEra Energy, Inc. Deferred Compensation Plan (the "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.
unfunded theoretical units financial
"Amounts deferred under the Plan...are deemed to be invested in a number of unfunded theoretical units equal to the number of units..."
unitized pool of stock and cash financial
"The Stock Fund is accounted for in units of a unitized pool of stock and cash."
reinvested dividends financial
"including amounts attributable to reinvested dividends, are deemed to be invested in a number of unfunded theoretical units..."
Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.
FAQ
What insider transaction did NextEra Energy (NEE) report for David L. Porges?
NextEra Energy reported that director David L. Porges received a grant of 52 Phantom Stock Units. These units were awarded under the company’s Deferred Compensation Plan and increase his total phantom holdings to 6,611 units linked to NextEra’s stock performance.
What are Phantom Stock Units in the NextEra Energy (NEE) Form 4 filing?
Phantom Stock Units are unfunded, theoretical units tied to NextEra’s common stock within a deferred compensation account. They track the value of a unitized stock-and-cash fund, including reinvested dividends, and are ultimately settled in cash at the end of the deferral period.
How was the value of the Phantom Stock Units determined for NEE director David L. Porges?
The Phantom Stock Units were valued using the closing price of NextEra Energy’s common stock on the NYSE, $86.12 on the relevant date. That price is used to calculate how many units are credited within the stock fund for the director’s deferred compensation account.
How many Phantom Stock Units does David L. Porges hold after this NEE transaction?
After this grant, David L. Porges holds a total of 6,611 Phantom Stock Units in his deferred compensation account. This total reflects previously credited amounts plus the 52 new units, all linked to the value of NextEra’s company stock fund.
Are the Phantom Stock Units in the NEE Form 4 settled in stock or cash?
The Phantom Stock Units are settled in cash, not actual shares of stock. At the end of the deferral period, the account balance based on the credited theoretical units and the stock fund’s value is paid out in cash to the reporting person.