Skillsoft (NYSE: SKIL) director defers 12,430 RSUs into phantom stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skillsoft Corp. director Peter Schmitt reported routine equity compensation activity involving restricted stock units and phantom stock. On June 25, 2026, 12,430 restricted stock units vested, each representing a contingent right to receive one share of Class A Common Stock.
Rather than settling these units in shares immediately, Schmitt elected to defer settlement so the 12,430 vested units were converted into 12,430 shares of phantom stock, each tied to one share of Class A Common Stock. The filing shows no open-market purchases or sales, only derivative exercises/conversions related to equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,860 shares exercised/converted
Mixed
2 txns
Insider
Schmitt Peter
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,430 | $0.00 | -- |
| Exercise | Phantom Stock | 12,430 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Phantom Stock — 12,430 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service. Each share of phantom stock represents a contingent right to receive one share of Class A Common Stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares. The Reporting Person elected to defer the settlement of the vested restricted stock units on the scheduled vesting date such that the restricted stock units were converted into an equal number of shares of phantom stock.
Key Figures
RSUs vested: 12,430 units
Phantom stock acquired: 12,430 units
Total derivative exercises: 24,860 units
+3 more
6 metrics
RSUs vested
12,430 units
Restricted Stock Units vesting on June 25, 2026
Phantom stock acquired
12,430 units
Phantom stock units received upon deferral on June 25, 2026
Total derivative exercises
24,860 units
ExerciseShares across two derivative transactions
Exercise price
$0.0000 per unit
Conversion or exercise price for RSUs and phantom stock
Phantom stock holdings after transaction
12,430 units
Total phantom stock following transaction
RSU balance after transaction
0 units
Restricted Stock Units following conversion into phantom stock
Key Terms
Phantom Stock, Restricted Stock Units, contingent right, deferral of vested restricted stock unit award shares, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock represents a contingent right to receive one share of Class A Common Stock"
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.
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock of the Issuer"
vest financial
"The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Skillsoft (SKIL) director Peter Schmitt report?
Peter Schmitt reported a routine equity compensation event. 12,430 restricted stock units vested and were converted into 12,430 shares of phantom stock tied to Skillsoft Class A common shares, with no open-market buying or selling involved.
How many Skillsoft (SKIL) units were involved in Peter Schmitt’s Form 4 filing?
The filing shows 12,430 restricted stock units vesting and an equal 12,430 phantom stock units created. In total, 24,860 derivative units were involved across both entries, all linked one-for-one to Skillsoft Class A Common Stock.
What is the exercise price of the Skillsoft (SKIL) equity awards in this Form 4?
Both the restricted stock units and phantom stock transactions list a conversion or exercise price of $0.0000 per unit. This reflects compensation awards rather than market transactions, with each unit representing a right to one Skillsoft Class A share.
What are phantom stock units in the Skillsoft (SKIL) director’s Form 4?
Each phantom stock unit represents a contingent right to receive one share of Skillsoft Class A Common Stock. In this filing, they resulted from deferring settlement of vested restricted stock units into an equal number of phantom stock units instead of taking immediate shares.