NextEra Energy (NEE) director receives 218 Phantom Stock Units in deferred compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAMAREN JAMES LAWRENCE reported acquisition or exercise transactions in this Form 4 filing.
NextEra Energy Inc. director James Lawrence Camaren received a grant of 218 Phantom Stock Units as deferred compensation. The units were valued using the issuer’s common stock closing price of $92.82 per share on the grant date and are credited under the company’s Deferred Compensation Plan.
Following this award, Camaren’s account reflects a total of 34,410 Phantom Stock Units. These units are unfunded, theoretical units tied to the performance of a unitized pool of the company’s stock and cash, and are ultimately payable in cash at the end of the deferral period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CAMAREN JAMES LAWRENCE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 218 | $92.82 | $20K |
Holdings After Transaction:
Phantom Stock Units — 34,410 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 James Lawrence Camaren report in this NextEra Energy (NEE) Form 4?
James Lawrence Camaren reported receiving a grant of 218 Phantom Stock Units tied to NextEra Energy’s common stock. The grant was made under the company’s Deferred Compensation Plan and increased his total phantom unit balance to 34,410 units.
How were the Phantom Stock Units valued in the NEE Form 4 for James Camaren?
The 218 Phantom Stock Units were valued using the closing price of NextEra Energy’s common stock on the NYSE, $92.82 per share on the relevant date. This price is used to determine the value of units credited to the Stock Fund.
What is the total Phantom Stock Unit balance reported for James Camaren at NextEra Energy (NEE)?
After the reported grant, James Camaren’s account shows 34,410 Phantom Stock Units. These units approximate the number of theoretical shares credited under the Deferred Compensation Plan and reflect both deferrals and reinvested dividends over time.
How does the NextEra Energy Deferred Compensation Plan work for Phantom Stock Units?
Under the Deferred Compensation Plan, deferred amounts and reinvested dividends are deemed invested in unfunded theoretical units tied to a stock-and-cash fund. Phantom Stock Units track that unitized pool, and the participant’s account is ultimately payable in cash after the deferral period ends.
Do Phantom Stock Units in this NEE Form 4 give James Camaren voting rights?
The filing describes the units as unfunded theoretical Phantom Stock Units credited under a deferred compensation plan and payable in cash. It characterizes them as approximations of stock fund units, not actual shares, so they are not presented as carrying stockholder voting rights.