Director in Resources Connection (NASDAQ: RGP) granted 1,677 phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KISTINGER ROBERT F reported acquisition or exercise transactions in this Form 4 filing.
Resources Connection director Robert F. Kistinger received a grant of 1,677 phantom stock units tied to the company’s common stock. According to the deferred compensation plan, each unit mirrors one share of common stock economically and will be settled in cash after he leaves the board. Following this award, he holds 91,084 phantom stock units, reflecting routine director compensation rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KISTINGER ROBERT F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,677 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 91,084 shares (Direct)
Footnotes (1)
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FAQ
What did RGP director Robert F. Kistinger report on this Form 4?
Robert F. Kistinger reported receiving 1,677 phantom stock units as part of director compensation. These units are tied to Resources Connection’s common stock and increase his total phantom stock holdings to 91,084 units under the company’s Directors Deferred Compensation Plan.
How do RGP phantom stock units work for director Robert F. Kistinger?
Each phantom stock unit is the economic equivalent of one RGP common share, but it pays out in cash, not stock. Under the Directors Deferred Compensation Plan, these units, including the new 1,677, become payable in cash when Kistinger separates from service as a director.
When will Robert F. Kistinger receive payment for his RGP phantom stock?
Payment for Robert F. Kistinger’s phantom stock occurs after he leaves the board. Under the Directors Deferred Compensation Plan, the 1,677 newly accrued units, and his prior phantom holdings, are paid out in cash upon separation from service according to his deferral election.
How large is Robert F. Kistinger’s total RGP phantom stock position after this filing?
After this grant, Robert F. Kistinger holds 91,084 phantom stock units linked to RGP common shares. This total includes the newly accrued 1,677 units, all governed by the company’s Directors Deferred Compensation Plan and payable in cash when his board service ends.