Tompkins director awarded phantom stock units
Davidson Heidi M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Davidson Heidi M reported acquisition or exercise transactions in this Form 4 filing.
Tompkins Financial Corp director Heidi M. Davidson received additional phantom stock awards as deferred compensation. On the reported date, she was granted 159.195 and 111.437 phantom stock units, each economically equivalent to one share of common stock.
The phantom stock represents deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors and is held in a rabbi trust. The director has no voting or investment power over the underlying shares until distribution events specified in the plan occur.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 270.632 shares
Grant/Award
2 txns
Insider
Davidson Heidi M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 159.195 | $80.0904 | $13K |
| Grant/Award | Phantom Stock | 111.437 | $80.0904 | $9K |
Holdings After Transaction:
Phantom Stock — 2,317.496 contracts (Direct)
Footnotes (1)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock. Phantom stock represents deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation and its Wholly-Owned Subsidiaries. These shares are held in a rabbi trust pending distribution upon the occurrence of certain events specified in the Plan. The reporting person has no voting or investment power over the shares prior to such distribution.
Key Figures
Phantom stock grant 1: 159.195 units
Phantom stock grant 2: 111.437 units
Phantom stock price reference: $80.0904 per unit
+3 more
6 metrics
Phantom stock grant 1
159.195 units
Phantom stock awarded on 2026-04-02
Phantom stock grant 2
111.437 units
Phantom stock awarded on 2026-04-02
Phantom stock price reference
$80.0904 per unit
Economic value per phantom stock unit
Phantom stock holdings after grants
2,317.496 units
Total phantom stock following transactions
Conversion/exercise price
$0.0000
Phantom stock conversion or exercise price
Phantom stock expiration
2047-01-01
Expiration date of phantom stock awards
Key Terms
Phantom Stock, deferred stock compensation, Amended and Restated Retainer Plan for Eligible Directors, rabbi trust, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of 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.
deferred stock compensation financial
"Phantom stock represents deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors"
Amended and Restated Retainer Plan for Eligible Directors financial
"under the Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation and its Wholly-Owned Subsidiaries."
rabbi trust financial
"These shares are held in a rabbi trust pending distribution upon the occurrence of certain events"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
voting or investment power financial
"The reporting person has no voting or investment power over the shares prior to such distribution."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Tompkins Financial (TMP) director Heidi M. Davidson report on this Form 4?
Heidi M. Davidson reported grants of phantom stock units as deferred compensation. Two awards, 159.195 and 111.437 units, were credited, each economically equivalent to one share of Tompkins Financial common stock, increasing her total phantom stock balance to 2,317.496 units.
What is phantom stock in the Tompkins Financial (TMP) director compensation plan?
Phantom stock is deferred stock-based compensation economically equivalent to common shares. For Tompkins Financial directors, these units accrue under the Amended and Restated Retainer Plan and are held in a rabbi trust until specific distribution events outlined in the plan occur.
How many phantom stock units does the TMP director hold after these transactions?
After the reported phantom stock grants, the director’s phantom stock balance increased to 2,317.496 units. Each unit is designed to mirror the value of one Tompkins Financial common share, providing equity-linked compensation without immediate share issuance.
Does the Tompkins Financial (TMP) director have voting power over the phantom stock units?
The director has no voting or investment power over the underlying shares tied to the phantom stock before distribution. The units are held in a rabbi trust, and control remains restricted until specific distribution events defined by the director retainer plan occur.
Are these Tompkins Financial (TMP) phantom stock transactions open-market purchases or sales?
No, these transactions are not open-market trades. They are grants of phantom stock units classified as deferred stock compensation under the director retainer plan, with no buy or sell activity in the market and no current voting rights over underlying shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
