NextEra director gets phantom stock grant
PORGES DAVID L reported acquisition or exercise transactions in this Form 4 filing.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 52 | $86.12 | $4K |
Footnotes (3)
- F1. 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.
- F2. Closing price of Issuer's common stock on NYSE on the relevant date (price used to value units in the Stock Fund).
- F3. 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
Key Terms
Phantom Stock Units financial
Deferred Compensation Plan financial
unfunded theoretical units financial
unitized pool of stock and cash financial
reinvested dividends financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NextEra Energy (NEE) report for David L. Porges?
What are Phantom Stock Units in the NextEra Energy (NEE) Form 4 filing?
How was the value of the Phantom Stock Units determined for NEE director David L. Porges?
How many Phantom Stock Units does David L. Porges hold after this NEE transaction?
Are the Phantom Stock Units in the NEE Form 4 settled in stock or cash?
AI-generated analysis. How Rhea-AI works. Not financial advice.