Nelnet director awarded 1,535 phantom shares
Nelnet Inc. director Kimberly Kay Rath received a grant of 1,535 phantom stock units under the company’s Directors Stock Compensation Plan.
Rhea-AI Filing Summary
Nelnet Inc. director Kimberly Kay Rath received a grant of 1,535 phantom stock units under the company’s Directors Stock Compensation Plan. Each unit is on a 1-for-1 basis with Class A Common Stock and will be paid in shares after her board service ends, either in a lump sum or up to five annual installments, as she elects.
Following this award, she holds a total of 65,229 phantom stock units, which includes 636 units acquired through the plan’s dividend reinvestment feature since June 18, 2025. This filing reflects a compensation-related award rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,535 shares
Grant/Award
1 txn
Insider
Rath Kimberly Kay
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,535 | $110.76 | $170K |
Holdings After Transaction:
Phantom Stock — 65,229 contracts (Direct)
Footnotes (3)
- F1. 1-for-1.
- F2. The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
- F3. Includes a total of 636 shares acquired since June 18, 2025 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.
Key Figures
Phantom stock grant: 1,535 units
Grant reference price: $110.76 per unit
Total phantom stock holdings: 65,229 units
+1 more
4 metrics
Phantom stock grant
1,535 units
Director award dated June 15, 2026
Grant reference price
$110.76 per unit
Transaction price per phantom stock unit
Total phantom stock holdings
65,229 units
Phantom stock units following the reported grant
Dividend reinvestment units
636 units
Acquired since June 18, 2025 via dividend reinvestment
Key Terms
Phantom Stock, Directors Stock Compensation Plan, dividend reinvestment
3 terms
Phantom Stock financial
"The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan."
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.
Directors Stock Compensation Plan financial
"The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan."
dividend reinvestment financial
"Includes a total of 636 shares acquired since June 18, 2025 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nelnet (NNI) director Kimberly Kay Rath report in this Form 4?
Kimberly Kay Rath reported receiving 1,535 phantom stock units as a director award. The grant was made under Nelnet’s Directors Stock Compensation Plan and is tied 1-for-1 to Class A Common Stock, with payment deferred until after her board service ends.
How many phantom stock units does the Nelnet (NNI) director hold after this grant?
After the grant, Kimberly Kay Rath holds 65,229 phantom stock units. This total includes the newly awarded 1,535 units plus 636 units acquired since June 18, 2025, through the dividend reinvestment feature of Nelnet’s Directors Stock Compensation Plan.
When will the phantom stock granted to the Nelnet (NNI) director be paid out?
The phantom stock units become payable after Kimberly Kay Rath’s service on the board ends. They will be settled in Class A Common Stock, either in a lump sum or in up to five annual installments, based on the director’s election at that time.
Is the Nelnet (NNI) Form 4 transaction an open-market stock purchase or sale?
No, the Form 4 reports a compensation-related grant, not a market trade. The 1,535 phantom stock units were awarded under Nelnet’s Directors Stock Compensation Plan, with no open-market buying or selling of Class A Common Stock disclosed in this filing.
What does 1-for-1 phantom stock mean in the Nelnet (NNI) filing?
The 1-for-1 notation means each phantom stock unit corresponds to one share of Class A Common Stock. When payable, the director will receive the same number of Class A shares as the number of phantom stock units credited, subject to her payout election.
How were additional Nelnet (NNI) phantom stock units accumulated through dividend reinvestment?
A total of 636 phantom stock units were acquired via dividend reinvestment. Under the Directors Stock Compensation Plan, dividends on underlying shares are reinvested into additional phantom stock, increasing the director’s phantom stock balance over time without separate market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
