Primerica (NYSE: PRI) director gains phantom stock through dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primerica director Cynthia N. Day reported an automatic acquisition of 94.152 shares tied to the company's common stock on a grant or award basis, at a reference price of $249.06 per share. This arose from dividends on phantom stock that were reinvested under the Non-Employee Directors' Deferred Compensation Plan.
Following this reinvestment, her directly held position increased to 19,635.323 shares equivalent, with phantom stock convertible into common stock on a one-for-one basis according to the plan. This transaction reflects routine director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAY CYNTHIA N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 94.152 | $249.06 | $23K |
Holdings After Transaction:
Common Stock — 19,635.323 shares (Direct)
Footnotes (1)
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FAQ
What did Primerica (PRI) disclose in Cynthia N. Day's latest Form 4?
Primerica disclosed that director Cynthia N. Day acquired 94.152 additional shares tied to common stock through a grant or award. The acquisition resulted from automatic reinvestment of dividends on phantom stock under the Non-Employee Directors' Deferred Compensation Plan.
What type of transaction was reported in Primerica (PRI) director Cynthia Day's Form 4?
The Form 4 reports a grant or award acquisition, coded "A," of 94.152 non-derivative shares. These shares arose from dividends on phantom stock that were automatically reinvested, rather than from an open-market purchase or sale of Primerica common stock.
How was phantom stock used in Cynthia N. Day's Primerica (PRI) Form 4 transaction?
Dividends paid on Cynthia N. Day’s phantom stock were automatically reinvested into additional phantom stock units. Under Primerica’s Non-Employee Directors' Deferred Compensation Plan, each phantom stock unit is convertible into one share of common stock, increasing her overall share-equivalent holdings.