PVH (PVH) interim CFO updates phantom stock disclosure
Filing Impact
Filing Sentiment
Form Type
3/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stone Melissa Ann
Role
EVP and Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 926.584 shares (Direct)
Footnotes (1)
- 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. 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
What does the PVH (PVH) Form 3/A filing for Melissa Ann Stone report?
The Form 3/A filing updates Melissa Ann Stone’s insider holdings at PVH, adding 926.5841 phantom stock shares in a supplemental savings plan that were omitted from her original Form 3 due to an administrative error.
Who is Melissa Ann Stone in relation to PVH (PVH)?
Melissa Ann Stone is an officer of PVH, serving as Executive Vice President and Interim Chief Financial Officer. The Form 3/A filing reflects her beneficial ownership of phantom stock units linked to PVH common stock in a supplemental savings plan.
Why did PVH (PVH) file an amended Form 3 for Melissa Ann Stone?
The amended Form 3 was filed because certain phantom stock holdings were not included in Melissa Ann Stone’s original Form 3. The amendment corrects this by adding phantom shares held in a supplemental savings plan that were omitted due to an administrative error.
What is phantom stock in the PVH (PVH) supplemental savings plan?
Phantom stock in PVH’s supplemental savings plan is a cash-settled tracking unit. Each phantom share represents the right to receive the cash value of one PVH common share, generally payable in cash after employment ends, with flexibility to move into alternative investments.