Primerica (PRI) director gains phantom stock shares through dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primerica, Inc. director Donald R. Williams reported an automatic acquisition of 42.288 shares of common stock equivalents on 2026-06-12. The footnote explains this reflects dividends on phantom stock that were reinvested into additional phantom stock under the Non-Employee Directors' Deferred Compensation Plan, which is convertible into common stock on a one-for-one basis. Following this routine compensation-related transaction, Williams holds 21,006.0847 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Donald R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42.288 | $278.96 | $12K |
Holdings After Transaction:
Common Stock — 21,006.085 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 42.288 shares
Implied price per share: $278.96 per share
Shares owned after transaction: 21,006.0847 shares
3 metrics
Shares granted
42.288 shares
Automatic grant on phantom stock dividend reinvestment, 2026-06-12
Implied price per share
$278.96 per share
Value assigned to the 42.288-share grant
Shares owned after transaction
21,006.0847 shares
Total direct ownership after 2026-06-12 grant
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 Donald R. Williams report?
Donald R. Williams reported an automatic grant of 42.288 shares. These shares reflect dividends on phantom stock that were reinvested into additional phantom stock under a deferred compensation plan, rather than an open-market purchase or sale.
Was the Primerica (PRI) Form 4 transaction an open-market buy or sell?
The Form 4 does not show an open-market buy or sell. The transaction is coded as a grant or award, representing dividend reinvestment into phantom stock under a Non-Employee Directors' Deferred Compensation Plan, not a discretionary market trade.
What is phantom stock in the context of Primerica (PRI)’s director plan?
Phantom stock is a deferred compensation unit tied to Primerica’s common stock. According to the filing, phantom stock in the Non-Employee Directors' Deferred Compensation Plan is convertible into common stock on a one-for-one basis under the plan’s terms.
Why did Donald R. Williams receive additional phantom stock at Primerica (PRI)?
Williams received additional phantom stock due to dividend reinvestment. The footnote states dividends paid on existing phantom stock were automatically reinvested into more phantom stock under the Non-Employee Directors' Deferred Compensation Plan.