Skillsoft (SKIL) director converts 24,860 RSU and phantom stock units into stock rights
Rhea-AI Filing Summary
Skillsoft Corp. director Karen G. Mills reported routine equity compensation activity involving restricted stock units and phantom stock. On June 25, 2026, she exercised derivative awards covering 24,860 shares of Class A Common Stock in total, with an exercise price of $0.00 per share.
The filing shows 12,430 restricted stock units converting into an equal number of shares of Class A Common Stock, and a related deferral where vested restricted stock units were converted into 12,430 shares of phantom stock. Each restricted stock unit and each phantom stock share represents a contingent right to receive one share of Class A Common Stock, reflecting compensation and deferral elections rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,860 shares exercised/converted
Exercise
2 txns
Insider
MILLS KAREN G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,430 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 12,430 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Phantom Stock — 12,430 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F2. 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.
- F3. 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
Total derivative shares exercised: 24,860 shares
RSUs exercised: 12,430 shares
Phantom stock units: 12,430 shares
+2 more
5 metrics
Total derivative shares exercised
24,860 shares
Aggregate derivative exercises on June 25, 2026
RSUs exercised
12,430 shares
Restricted Stock Units converting into Class A Common Stock
Phantom stock units
12,430 shares
Phantom stock representing deferred RSU awards
Exercise price
$0.00 per share
Conversion of derivative securities into stock rights
Phantom stock after transaction
12,430 shares
Total phantom stock shown following the transaction
Key Terms
Phantom Stock, Restricted Stock Units, contingent right, derivative exercise/conversion
4 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
"The restricted stock units vest on the earlier of the one-year anniversary of the date of grant"
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
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion with transaction code M"
FAQ
What insider transaction did Skillsoft (SKIL) director Karen G. Mills report?
Karen G. Mills reported exercising derivative awards tied to 24,860 shares of Class A Common Stock. The activity involved restricted stock units and phantom stock, reflecting compensation and deferral elections rather than any open-market purchase or sale of Skillsoft shares.
Were Karen G. Mills’ Skillsoft (SKIL) transactions open‑market buys or sells?
The reported transactions were not open‑market buys or sells. They were coded as derivative exercises (code M), converting restricted stock units and related phantom stock into rights to Class A Common Stock at an exercise price of $0.00 per share as part of compensation.
What are restricted stock units and phantom stock in the Skillsoft (SKIL) filing?
Each restricted stock unit represents a contingent right to receive one Skillsoft Class A share. Each phantom stock share is also a contingent right, created when vested restricted stock units were deferred and converted into an equal number of phantom stock units under the director’s election.
AI-generated analysis. How Rhea-AI works. Not financial advice.
