Principal Financial director granted 689 phantom units
HOCHSCHILD ROGER C reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
HOCHSCHILD ROGER C reported acquisition or exercise transactions in this Form 4 filing.
Principal Financial Group director Roger C. Hochschield received a grant of 689 Phantom Stock Units, each convertible into one share of common stock. These units were credited under the Principal Deferred Compensation Plan for Non-Employee Directors, raising his deferred balance to 29,455 units, generally settled at retirement.
Insider Trade Summary
Grant/Award: 689 shares
Grant/Award
1 txn
Insider
HOCHSCHILD ROGER C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 689 | $105.22 | $72K |
Holdings After Transaction:
Phantom Stock Units — 29,455 contracts (Direct)
Footnotes (2)
- F1. The units convert to common stock on a one-for-one basis.
- F2. 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 units granted: 689 units
Grant reference price: $105.22 per unit
Total phantom units after grant: 29,455 units
+2 more
5 metrics
Phantom units granted
689 units
Grant on June 5, 2026 to director Hochschield
Grant reference price
$105.22 per unit
Value used for 689 Phantom Stock Units
Total phantom units after grant
29,455 units
Phantom Stock Units held following transaction
Conversion ratio
1 unit = 1 share
Phantom Stock Units convert one-for-one into common stock
Exercise price
$0.00
Conversion or exercise price for Phantom Stock Units
Key Terms
Phantom Stock Units, Principal Deferred Compensation Plan for Non-Employee Directors, underlying security, grant/award acquisition
4 terms
Phantom Stock Units financial
"The units convert to common stock on a one-for-one basis."
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
"The reported phantom stock units were acquired pursuant to the Principal Deferred Compensation Plan for Non-Employee Directors"
underlying security financial
"underlying_security_title: Common Stock, underlying_security_shares: 689.0000"
grant/award acquisition financial
"transaction_action: grant/award acquisition, transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PFG director Roger C. Hochschield report on this Form 4?
He reported an acquisition of 689 Phantom Stock Units. These units were granted under Principal Financial Group’s deferred compensation plan for non-employee directors and increase his total phantom stock holdings to 29,455 units, all convertible into common shares on a one-for-one basis.
How many phantom stock units does PFG director Hochschield now hold?
He now holds 29,455 Phantom Stock Units. This total reflects the addition of 689 newly granted units on top of his prior balance under the Principal Deferred Compensation Plan for Non-Employee Directors, with each unit linked to one share of common stock.
At what reference price were the new PFG phantom stock units credited?
The 689 Phantom Stock Units were credited at $105.22 per unit. This price represents the value used for the June 5, 2026 grant and helps determine the notional value of the deferred compensation tied to Principal Financial Group’s common stock.
What are Phantom Stock Units in the PFG deferred compensation plan?
They are notional units tracking Principal’s common stock one-for-one. Under the Principal Deferred Compensation Plan for Non-Employee Directors, units may be reallocated among investment options and are ultimately settled in accordance with plan terms, typically when the director retires from the board.
When will Hochschield’s PFG phantom stock units be settled?
They will be settled upon his retirement from service as a director. The filing states that interests under the Principal Deferred Compensation Plan for Non-Employee Directors are paid out at retirement, converting the accumulated phantom units according to the plan’s settlement provisions.
Can PFG phantom stock units be moved into other investments under the plan?
Yes, the phantom stock units may be transferred into other plan investments. The filing notes that these units, acquired under the Principal Deferred Compensation Plan for Non-Employee Directors, can be reallocated at any time into another investment alternative offered within the plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
