RGP director granted 1,582 phantom stock units
von Maltzan Marco reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
von Maltzan Marco reported acquisition or exercise transactions in this Form 4 filing.
Resources Connection, Inc. director Marco von Maltzan received a grant of 1,582 shares of phantom stock as a compensation-related award. These phantom shares are dividend equivalents tied to previously awarded phantom stock under the Directors Deferred Compensation Plan and mirror the value of common shares.
Each phantom share is economically equal to one share of common stock but will be settled in cash, not stock, after von Maltzan leaves the board, based on his prior election under the plan. Following this award, his phantom stock balance recorded in the plan is 85,902 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,582 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents dividend equivalent phantom shares accrued on previously awarded phantom shares in accordance with the terms of the Directors Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock. These shares of phantom stock will become payable in cash to the reporting person upon separation from service as a director in accordance with the reporting person's election under the Directors Deferred Compensation Plan.
FAQ
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What insider transaction did RGP director Marco von Maltzan report?
What is the nature of the phantom stock granted to the RGP director?
When will Marco von Maltzan receive payment for the RGP phantom stock units?
How many phantom stock units does the RGP director hold after this Form 4 transaction?
What plan governs the phantom stock units reported by the RGP director?
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