PVH executive updates phantom stock holdings
PVH Corp. executive Melissa Ann Stone, EVP and Interim CFO, filed an amended Form 3 to correct her initial insider holdings report.
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Rhea-AI Filing Summary
PVH Corp. executive Melissa Ann Stone, EVP and Interim CFO, filed an amended Form 3 to correct her initial insider holdings report. The amendment discloses 926.5841 shares of phantom stock held in a supplemental savings plan account that were omitted previously due to an administrative error.
These phantom shares are not actual stock but bookkeeping units that track the value of PVH common stock. Each phantom share represents the right to receive the cash value of one PVH common share, payable in cash after her employment with PVH ends, and she may generally move this value into other investments at any time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock | -- | -- | -- |
Footnotes (2)
- F1. These are "phantom" shares held in a supplemental savings plan account. They were not included in the reporting person's original Form 3 due to administrative error.
- F2. Shares of phantom stock are payable in cash following termination of employment with the Issuer. Each phantom share represents the right to receive the cash value of one share of Issuer's Common Stock. The reporting person generally may transfer the value of her phantom stock into an alternative investment at any time.
FAQ
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What does the PVH (PVH) Form 3/A filing for Melissa Ann Stone report?
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Why did PVH (PVH) file an amended Form 3 for Melissa Ann Stone?
What is phantom stock in the PVH (PVH) supplemental savings plan?
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