PFG director granted RSUs and phantom stock units
Principal Financial Group director Alfredo Rivera reported equity-based compensation grants.
Rhea-AI Filing Summary
Principal Financial Group director Alfredo Rivera reported equity-based compensation grants. He received 30 restricted stock units of common stock at a reference price of $87.01 per share, which convert to common stock on a one-for-one basis. He also acquired 144 phantom stock units under the Principal Deferred Compensation Plan for Non-Employee Directors, which remain within the plan’s investment alternatives and will be settled upon his retirement. Following these grants, his reported direct holdings include 3,255 common-share-equivalent units from the restricted stock program and 14,219 common-share-equivalent phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 174 shares
Grant/Award
2 txns
Insider
RIVERA ALFREDO
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30 | $87.01 | $3K |
| Grant/Award | Common Stock | 144 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,255 contracts (Direct);
Common Stock — 14,219 shares (Direct)
Footnotes (3)
- F1. Grant of restricted stock units.
- F2. The units convert to common stock on a one-for-one basis.
- F3. The reported phantom stock units were acquired pursuant to the Principal Deferred Compensation Plan for Non-Employee Directors and may be transferred at any time into another investment alternative under the Plan. Interests under the Plan will be settled upon the reporting person's retirement.
Key Figures
Restricted stock units granted: 30 units
RSU reference price: $87.01 per share
Post-RSU common-share-equivalent holdings: 3,255 units
+2 more
5 metrics
Restricted stock units granted
30 units
Grant of restricted stock units of common stock
RSU reference price
$87.01 per share
Transaction price per share for RSU grant
Post-RSU common-share-equivalent holdings
3,255 units
Total common-share-equivalent units following RSU transaction
Phantom stock units acquired
144 units
Units credited under deferred compensation plan
Post-transaction phantom stock units
14,219 units
Total phantom stock units following transaction
Key Terms
restricted stock units, phantom stock units, Principal Deferred Compensation Plan for Non-Employee Directors, convert to common stock on a one-for-one basis
4 terms
restricted stock units financial
"Grant of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom stock units financial
"The reported phantom stock units were acquired pursuant to the Principal Deferred Compensation Plan"
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.
Principal Deferred Compensation Plan for Non-Employee Directors financial
"acquired pursuant to the Principal Deferred Compensation Plan for Non-Employee Directors and may be transferred at any time"
convert to common stock on a one-for-one basis financial
"The units convert to common stock on a one-for-one basis."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PFG director Alfredo Rivera report in this Form 4 filing?
Alfredo Rivera reported receiving equity-based compensation. He was granted 30 restricted stock units tied to Principal Financial Group common stock and 144 phantom stock units under a deferred compensation plan for non-employee directors, increasing his equity-linked exposure to the company.
How many restricted stock units did Alfredo Rivera receive from Principal Financial Group (PFG)?
Alfredo Rivera received 30 restricted stock units. These units reference Principal Financial Group common stock at $87.01 per share and convert into common stock on a one-for-one basis, adding to his existing equity-linked position in the company.
What are the phantom stock units reported by Alfredo Rivera in PFG’s Form 4?
Rivera acquired 144 phantom stock units. These units were credited under the Principal Deferred Compensation Plan for Non-Employee Directors, can be reallocated among plan investments, and will ultimately be settled in connection with his retirement from board service.
How did this Form 4 change Alfredo Rivera’s holdings in Principal Financial Group (PFG)?
The filing shows increased equity-linked holdings for Rivera. After the grants, he holds 3,255 common-share-equivalent units in the restricted stock program and 14,219 common-share-equivalent phantom stock units, all reported as directly owned positions.
Are Alfredo Rivera’s transactions in PFG stock open-market buys or compensation grants?
The reported transactions are compensation-related grants. Both entries use code “A” for awards, covering restricted stock units and phantom stock units, rather than open-market purchases or sales, reflecting standard non-employee director compensation mechanisms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
