Principal Financial director granted stock awards
Mills Scott reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Mills Scott reported acquisition or exercise transactions in this Form 4 filing.
Principal Financial Group director Scott Mills reported routine equity compensation grants. He received 253 shares of Common Stock as a grant of restricted stock units, bringing his direct Common Stock holdings to 36,140 shares.
He was also granted 152 Phantom Stock Units at $107.75 per unit under the Principal Deferred Compensation Plan for Non-Employee Directors, increasing his phantom unit balance to 20,493 units. The phantom units track Common Stock on a one-for-one basis and interests under the plan will be settled upon his retirement.
Insider Trade Summary
Grant/Award: 405 shares
Grant/Award
2 txns
Insider
Mills Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 152 | $107.75 | $16K |
| Grant/Award | Common Stock | 253 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock Units — 20,493 contracts (Direct);
Common Stock — 36,140 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 grant: 253 shares
Common shares held: 36,140 shares
Phantom Stock Units grant: 152 units
+3 more
6 metrics
Restricted stock grant
253 shares
Common Stock grant on 2026-06-26
Common shares held
36,140 shares
Direct Common Stock holdings after grant
Phantom Stock Units grant
152 units
Derivative grant on 2026-06-26
Phantom unit price
$107.75 per unit
Crediting price for Phantom Stock Units
Total Phantom Stock Units
20,493 units
Balance after reported grant
Conversion ratio
1 unit : 1 share
Phantom units convert to Common Stock one-for-one
Key Terms
restricted stock units, Phantom Stock Units, Principal Deferred Compensation Plan for Non-Employee Directors, deferred compensation
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"
deferred compensation financial
"Interests under the Plan will be settled upon the reporting person's retirement"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Principal Financial (PFG) director Scott Mills acquire in this Form 4?
Director Scott Mills received 253 shares of Common Stock as a grant of restricted stock units and 152 Phantom Stock Units. Both awards are part of his equity-based compensation as a non-employee director of Principal Financial Group.
What are the Phantom Stock Units reported for Principal Financial (PFG)?
The filing shows 152 Phantom Stock Units granted to Scott Mills at $107.75 per unit. These units track Principal Financial common stock on a one-for-one basis under a deferred compensation plan for non-employee directors.
How many Phantom Stock Units does Scott Mills now have at Principal Financial (PFG)?
Following this transaction, Scott Mills holds 20,493 Phantom Stock Units. These units were acquired under the Principal Deferred Compensation Plan for Non-Employee Directors and are designed to mirror the value of Principal Financial common stock over time.
When will Scott Mills’ Phantom Stock Units at Principal Financial (PFG) be settled?
The filing states that interests in the deferred compensation plan, including Phantom Stock Units, will be settled upon Scott Mills’ retirement. Until then, he may transfer units into other investment alternatives offered under the plan.
Do the new Principal Financial (PFG) awards involve any open-market buying or selling?
No. The reported transactions are grants and awards, not open-market trades. The Common Stock was granted at $0.00 per share, and the Phantom Stock Units were credited under the non-employee director deferred compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
