PFG director granted stock and phantom units
Principal Financial Group director Scott Mills reported routine equity awards rather than open-market trades.
Rhea-AI Filing Summary
Principal Financial Group director Scott Mills reported routine equity awards rather than open-market trades. He received 182 phantom stock units tied to common stock at a reference price of $87.01 per unit, and a grant of 307 shares of common stock as restricted stock units converting one-for-one into shares.
After these awards, his reported direct holdings increased to 33,712 shares of common stock and 19,926 phantom stock units. The phantom units were acquired under the Principal Deferred Compensation Plan for Non-Employee Directors and will be settled in common stock upon his retirement, with flexibility to shift among investment alternatives within the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 489 shares
Grant/Award
2 txns
Insider
Mills Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 182 | $87.01 | $16K |
| Grant/Award | Common Stock | 307 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock Units — 19,926 contracts (Direct);
Common Stock — 33,712 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
Phantom stock units granted: 182 units
Phantom unit reference price: $87.01 per unit
Common shares granted: 307 shares
+2 more
5 metrics
Phantom stock units granted
182 units
Grant under Deferred Compensation Plan for Non-Employee Directors on 2026-03-27
Phantom unit reference price
$87.01 per unit
Value used to determine 182 phantom stock units granted
Common shares granted
307 shares
Restricted stock unit award of common stock on 2026-03-27
Common shares after award
33,712 shares
Total direct common stock holdings following the grant
Phantom units after award
19,926 units
Total phantom stock units following the new 182-unit grant
Key Terms
Phantom Stock Units, restricted stock units, Principal Deferred Compensation Plan for Non-Employee Directors, one-for-one basis
4 terms
Phantom Stock Units financial
"The reported phantom stock units were acquired pursuant to the Principal Deferred Compensation Plan for Non-Employee Directors"
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.
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.
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"
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 Principal Financial Group (PFG) director Scott Mills acquire in this Form 4?
Scott Mills reported acquiring 182 phantom stock units and a grant of 307 common shares. The phantom units track Principal Financial Group stock value, while the 307-share grant represents restricted stock units that convert into common stock on a one-for-one basis at vesting or settlement.
What are the phantom stock units reported by Scott Mills at Principal Financial Group?
The phantom stock units are deferred compensation instruments tied to PFG’s common stock value. Mills received 182 such units under the Principal Deferred Compensation Plan for Non-Employee Directors, which will be settled upon his retirement and can be reallocated among plan investment alternatives before settlement.
At what price were Scott Mills’ phantom stock units in PFG valued for this award?
The 182 phantom stock units were credited at a reference value of $87.01 per unit. This price is used to determine the number of units granted under the deferred compensation plan, rather than representing cash paid or received in an open-market transaction.
When will Scott Mills’ phantom stock units in Principal Financial Group be settled?
The filing states that interests under the Principal Deferred Compensation Plan for Non-Employee Directors, including the phantom stock units, will be settled upon the reporting person’s retirement. Until then, the units may be moved into other investment alternatives available within the plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
