Primerica director adds 87 phantom stock units
Primerica director Cynthia N. Day reported an automatic award of additional phantom stock units tied to dividends.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87.218 | $278.96 | $24K |
Footnotes (1)
- F1. Represents dividends paid on phantom stock that were reinvested automatically in additional shares of phantom stock in accordance with the terms of the Non-Employee Directors' Deferred Compensation Plan. Phantom stock is convertible into common stock on a one-for-one basis in accordance with the terms of such plan.
Key Figures
Key Terms
phantom stock financial
Non-Employee Directors' Deferred Compensation Plan financial
convertible into common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Primerica (PRI) director Cynthia N. Day report?
Was the Primerica (PRI) Form 4 transaction an open-market stock purchase?
What is phantom stock in the context of Primerica (PRI) and this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.