Primerica (NYSE: PRI) director adds 58 phantom stock units via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yastine Barbara A. reported acquisition or exercise transactions in this Form 4 filing.
Primerica director Barbara A. Yastine reported an automatic award of additional phantom stock units linked to company common stock. On June 12, 2026, dividends on existing phantom stock were reinvested into 58.305 new phantom stock units at $278.96 per unit under the Non-Employee Directors' Deferred Compensation Plan. Phantom stock is convertible into common stock on a one-for-one basis under this plan, and Yastine now holds 19,914.0093 phantom stock units in total. This reflects routine non‑cash director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yastine Barbara A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58.305 | $278.96 | $16K |
Holdings After Transaction:
Common Stock — 19,914.009 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units acquired: 58.305 units
Transaction price per unit: $278.96
Total phantom units after transaction: 19,914.0093 units
+1 more
4 metrics
Phantom stock units acquired
58.305 units
Dividend reinvestment on June 12, 2026
Transaction price per unit
$278.96
Valuation of phantom stock dividend reinvestment
Total phantom units after transaction
19,914.0093 units
Director holdings following June 12, 2026 transaction
Transaction direction
Grant/award acquisition
Form 4 code A, non-derivative
Key Terms
phantom stock, Non-Employee Directors' Deferred Compensation Plan, convertible into common stock, Form 4
4 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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Primerica (PRI) report for Barbara A. Yastine?
Primerica reported that director Barbara A. Yastine received 58.305 additional phantom stock units. These units came from automatic reinvestment of dividends under the Non-Employee Directors' Deferred Compensation Plan and are linked one-for-one to Primerica common stock.
What price per unit is shown in the Primerica (PRI) Form 4 transaction?
The filing shows a transaction price of $278.96 per phantom stock unit. This price is used to value the 58.305 units created from reinvested dividends under the Non-Employee Directors' Deferred Compensation Plan.
How many phantom stock units does Barbara A. Yastine hold after this Primerica (PRI) transaction?
After this transaction, Barbara A. Yastine holds a total of 19,914.0093 phantom stock units. These units are tied to Primerica common stock and are convertible into common stock on a one-for-one basis according to the plan’s terms.
What is phantom stock in the context of Primerica (PRI) director compensation?
In this context, phantom stock represents units whose value tracks Primerica common stock. Under the Non-Employee Directors' Deferred Compensation Plan, phantom stock is convertible into common stock on a one-for-one basis, and dividends are reinvested into additional phantom units.