NextEra Energy (NEE) director receives grant of phantom stock units
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 director David L. Porges reported a compensation-related award of 41 Phantom Stock Units on common stock, valued using the $92.82 NYSE closing price on the grant date. Following this grant, his account under the company’s Deferred Compensation Plan reflects 6,559 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
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 41 | $92.82 | $4K |
Holdings After Transaction:
Phantom Stock Units — 6,559 shares (Direct)
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.
FAQ
What did NextEra Energy (NEE) director David L. Porges report on this Form 4?
David L. Porges reported receiving 41 Phantom Stock Units tied to NextEra Energy common stock. These units are part of the company’s Deferred Compensation Plan and increase his total Phantom Stock Units to 6,559, with amounts ultimately payable in cash.
What are Phantom Stock Units in the NextEra Energy (NEE) filing?
Phantom Stock Units represent unfunded theoretical units that approximate shares of NextEra Energy common stock in a deferred compensation account. They track the value of a company stock fund, including reinvested dividends, but are settled in cash at the end of the deferral period.
At what price were David Porges’ Phantom Stock Units valued in this Form 4?
The 41 Phantom Stock Units were valued using the $92.82 closing price of NextEra Energy common stock on the NYSE for the relevant date. This price is used solely to value units within the company’s stock fund for the Deferred Compensation Plan.
How many Phantom Stock Units does David Porges hold after this transaction?
After this grant, David Porges’ account shows 6,559 Phantom Stock Units. This figure reflects cumulative deferred amounts and reinvested dividends credited under NextEra Energy’s Deferred Compensation Plan and will be settled in cash at the end of the elected deferral period.
Does this NextEra Energy (NEE) Form 4 reflect an open-market stock purchase or sale?
No, the Form 4 reflects a grant of Phantom Stock Units under a deferred compensation arrangement, not an open-market stock purchase or sale. The units are bookkeeping entries linked to a stock fund and are ultimately payable in cash, not delivered as actual shares.