Primerica (NYSE: PRI) director gains 87 phantom stock units via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primerica director Cynthia N. Day reported an automatic award of additional phantom stock units tied to dividends. On the transaction date, she acquired 87.218 phantom stock units of Primerica common stock at a referenced value of $278.96 per share.
These units represent dividends on existing phantom stock that were reinvested under the Non-Employee Directors' Deferred Compensation Plan. After this grant, Day holds a total of 20,362.541 phantom stock units, which are convertible into common stock on a one-for-one basis under the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAY CYNTHIA N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87.218 | $278.96 | $24K |
Holdings After Transaction:
Common Stock — 20,362.541 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units acquired: 87.218 units
Reference price per unit: $278.96 per unit
Total phantom units after transaction: 20,362.541 units
3 metrics
Phantom stock units acquired
87.218 units
Grant/award acquisition on transaction date
Reference price per unit
$278.96 per unit
Value used for the 87.218-unit award
Total phantom units after transaction
20,362.541 units
Holdings following award, convertible 1-for-1 to common
Key Terms
phantom stock, Non-Employee Directors' Deferred Compensation Plan, convertible into common stock
3 terms
phantom stock financial
"Represents dividends paid on phantom stock that were reinvested automatically in additional shares of phantom stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non-Employee Directors' Deferred Compensation Plan financial
"in accordance with the terms of the Non-Employee Directors' Deferred Compensation Plan"
convertible into common stock financial
"Phantom stock is convertible into common stock on a one-for-one basis"
FAQ
What insider transaction did Primerica (PRI) director Cynthia N. Day report?
Cynthia N. Day reported receiving 87.218 phantom stock units of Primerica common stock. These units came from dividends on existing phantom stock that were automatically reinvested under the Non-Employee Directors' Deferred Compensation Plan, rather than from an open-market purchase.
Was the Primerica (PRI) Form 4 transaction an open-market stock purchase?
No, the Form 4 does not show an open-market purchase. The 87.218 units reported were granted as phantom stock from reinvested dividends under the Non-Employee Directors' Deferred Compensation Plan, making this a compensation-related award, not a discretionary market trade.
What is phantom stock in the context of Primerica (PRI) and this Form 4?
In this filing, phantom stock represents deferred compensation units that track Primerica’s common stock. The footnote states phantom stock is convertible into common stock on a one-for-one basis under the Non-Employee Directors' Deferred Compensation Plan, aligning director compensation with shareholder value.