Power Solutions CFO granted 1,665 phantom units
Li Xun reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Li Xun reported acquisition or exercise transactions in this Form 4 filing.
POWER SOLUTIONS INTERNATIONAL, INC. granted its CFO, Li Xun, 1,665 Phantom Stock units as compensation. These Phantom Units are cash-settled and track the average Fair Market Value of the company’s common stock over the 30 trading days before each vesting date.
One-third of the 1,665 Phantom Units will vest on each of March 6, 2027, March 6, 2028, and March 6, 2029, contingent on Li Xun’s continued service. The award does not provide any actual shares of common stock or voting rights, only a future cash payment based on share value.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,665 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each Phantom Unit represents an unfunded, unsecured right to receive a cash payment equal to the average Fair Market Value per share of the Issuer's Common Stock over the thirty (30) trading days immediately preceding the applicable vesting date. Phantom Units are settled in cash only and do not entitle the Reporting Person to any shares of Common Stock or voting rights. One-third of the Phantom Units vest on each of March 6, 2027, March 6, 2028 and March 6, 2029, subject to the Reporting Person's continuous service with the Issuer or its affiliates.
Key Figures
Key Terms
Phantom Stock financial
Phantom Units financial
Fair Market Value financial
vesting date financial
FAQ
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What insider transaction did PSIX report for CFO Li Xun?
How do the Phantom Stock units granted to PSIX CFO Li Xun vest?
How is the cash value of PSIX Phantom Stock units for Li Xun determined?
What ownership position does PSIX report for CFO Li Xun after this Phantom Unit grant?
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