Primerica director awarded phantom stock units
Primerica, Inc. director Joel M. Babbit reported an automatic acquisition of 36.627 shares of phantom stock on March 13, 2026 at $249.06 per share.
Rhea-AI Filing Summary
Primerica, Inc. director Joel M. Babbit reported an automatic acquisition of 36.627 shares of phantom stock on March 13, 2026 at $249.06 per share. This transaction arose from dividends that were reinvested under the Non-Employee Directors' Deferred Compensation Plan and increased his direct holdings to 8,467.5137 shares of common stock equivalents. The phantom stock is convertible into common stock on a one-for-one basis in accordance with the plan’s terms.
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Insider Trade Summary
Net Buyer: 36.627 shares
Net Buy
1 txn
Insider
Babbit Joel M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36.627 | $249.06 | $9K |
Holdings After Transaction:
Common Stock — 8,467.5137 shares (Direct)
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.
FAQ
What insider transaction did Primerica (PRI) disclose for Joel M. Babbit?
Primerica director Joel M. Babbit reported acquiring 36.627 phantom stock shares. These were created when dividends were automatically reinvested under the Non-Employee Directors' Deferred Compensation Plan, increasing his direct common stock equivalent holdings to 8,467.5137 shares.
Was Joel M. Babbit’s Primerica (PRI) Form 4 a market purchase or an award?
The Form 4 shows an award-type acquisition, not a market purchase. Code "A" and footnotes indicate dividends on phantom stock were automatically reinvested into additional phantom stock shares under a deferred compensation plan, rather than bought in open-market trading.
What does phantom stock mean in Primerica (PRI) director compensation?
Phantom stock represents deferred compensation units tied to Primerica’s common stock. According to the filing, these units receive dividends that are reinvested into more phantom stock and are convertible into common stock on a one-for-one basis under the Non-Employee Directors' Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.