Pfizer (NYSE: PFE) director gets 7,686 phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quincey James reported acquisition or exercise transactions in this Form 4 filing.
PFIZER INC director James Quincey reported a compensation grant of phantom stock units tied to Pfizer common stock. He received 7,686.539 phantom stock units on the reported date at a reference value of $26.67 per unit.
Each unit represents one phantom share of common stock and was granted under the Pfizer Inc. Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors. These units reflect deferred director compensation and will be settled in cash or common stock, at Quincey’s election, after he retires from the Board. Following this award, his balance under this plan increased to 85,004.077 phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quincey James
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,686.539 | $26.67 | $205K |
Holdings After Transaction:
Phantom Stock Units — 85,004.077 shares (Direct, null)
Footnotes (1)
- Each unit represents one phantom share of common stock. Granted pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors. These units represent deferred director's compensation that are settled in cash or common stock at the director's election, following the reporting person's retirement from the Board of Directors.
Key Figures
Phantom units granted: 7,686.539 units
Reference value per unit: $26.67 per unit
Total phantom units after grant: 85,004.077 units
+1 more
4 metrics
Phantom units granted
7,686.539 units
Phantom Stock Units grant on reported transaction date
Reference value per unit
$26.67 per unit
Transaction price per phantom stock unit
Total phantom units after grant
85,004.077 units
Balance of phantom stock units following this transaction
Underlying common stock linkage
1 unit = 1 share
Each phantom stock unit represents one phantom share of common stock
Key Terms
Phantom Stock Units, Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors, deferred director's compensation
3 terms
Phantom Stock Units financial
"The security reported is described as "Phantom Stock Units"."
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.
Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors financial
"Granted pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors."
deferred director's compensation financial
"These units represent deferred director's compensation that are settled in cash or common stock."
FAQ
What insider transaction did Pfizer (PFE) disclose for director James Quincey?
Pfizer disclosed a compensation-related grant of phantom stock units to director James Quincey. He received 7,686.539 phantom stock units, each tracking one share of Pfizer common stock, as part of a deferred compensation arrangement for non-employee directors.
How many phantom stock units did James Quincey receive and now hold at Pfizer (PFE)?
James Quincey received 7,686.539 phantom stock units in this grant. After the award, his total balance under Pfizer’s director deferred compensation plan rose to 85,004.077 phantom stock units linked to Pfizer common stock value.
What are phantom stock units in the context of Pfizer (PFE)?
At Pfizer, each phantom stock unit represents one phantom share of common stock. These units track the value of the stock but are not actual shares. They are typically settled later in cash or stock, functioning as deferred compensation for eligible participants.
Under which Pfizer (PFE) plan were James Quincey’s phantom stock units granted?
The phantom stock units were granted under the Pfizer Inc. Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors. This plan provides deferred compensation awards, such as phantom units, to Pfizer’s non-employee board members instead of immediate cash payments.
How and when will James Quincey’s Pfizer (PFE) phantom stock units be settled?
James Quincey’s phantom stock units will be settled after he retires from Pfizer’s Board. At that time, the deferred director compensation represented by the units is paid out, either in cash or Pfizer common stock, depending on his election under the plan terms.