RGP (RGP) director adds 1,502 phantom stock units under deferred plan
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, INC. director Robert F. Kistinger received an automatic grant of 1,502 phantom stock units as dividend equivalents on previously awarded phantom shares under the Directors Deferred Compensation Plan. Each unit mirrors one share of common stock economically, bringing his phantom stock balance to 92,586 units, payable in cash after he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KISTINGER ROBERT F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,502 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 92,586 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units granted: 1,502 units
Phantom stock balance after transaction: 92,586 units
Underlying common stock equivalent: 1,502 shares
+1 more
4 metrics
Phantom stock units granted
1,502 units
Dividend equivalent grant on 2026-06-19
Phantom stock balance after transaction
92,586 units
Total phantom stock holdings following grant
Underlying common stock equivalent
1,502 shares
Each phantom unit equals one share of common stock economically
Transaction price per unit
$0.0000 per unit
Grant of phantom stock units with no cash paid
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, dividend equivalent phantom shares, separation from service
4 terms
Phantom Stock financial
"Represents dividend equivalent phantom shares accrued on previously awarded phantom shares"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors Deferred Compensation Plan financial
"in accordance with the terms of the Directors Deferred Compensation Plan"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
separation from service financial
"will become payable in cash to the reporting person upon separation from service as a director"
FAQ
What insider transaction did RGP director Robert Kistinger report?
Director Robert F. Kistinger reported receiving 1,502 phantom stock units as a grant. These units are dividend equivalents added to his existing phantom stock under Resources Connection’s Directors Deferred Compensation Plan, rather than an open‑market purchase or sale of common shares.
What is phantom stock in the RGP Form 4 filing?
In the RGP filing, phantom stock represents units economically equivalent to one share of common stock. They track the value of Resources Connection’s stock but are paid in cash later, rather than giving the director actual shares or current shareholder voting rights.
How many phantom stock units does the RGP director hold after this transaction?
After receiving 1,502 additional phantom stock units, the director’s total phantom stock balance is 92,586 units. This reflects cumulative awards under Resources Connection’s Directors Deferred Compensation Plan, all of which remain outstanding and will be settled in cash in the future.
Why were 1,502 phantom stock units granted to the RGP director?
The 1,502 phantom stock units represent dividend equivalent credits on earlier phantom stock awards. Under Resources Connection’s Directors Deferred Compensation Plan, phantom units are increased when dividends are paid, keeping the director’s deferred compensation aligned with common stockholder economics.
When will the RGP phantom stock reported in this Form 4 be paid out?
The phantom stock units will be paid in cash to the director when he separates from service as a director. Payout timing follows his prior election under Resources Connection’s Directors Deferred Compensation Plan, rather than occurring immediately after this Form 4 transaction date.