Resources Connection (RGP) director adds 1,582 phantom stock cash-settled units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
von Maltzan Marco reported acquisition or exercise transactions in this Form 4 filing.
Resources Connection, Inc. director Marco von Maltzan received a grant of 1,582 shares of phantom stock as a compensation-related award. These phantom shares are dividend equivalents tied to previously awarded phantom stock under the Directors Deferred Compensation Plan and mirror the value of common shares.
Each phantom share is economically equal to one share of common stock but will be settled in cash, not stock, after von Maltzan leaves the board, based on his prior election under the plan. Following this award, his phantom stock balance recorded in the plan is 85,902 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
von Maltzan Marco
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,582 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 85,902 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RGP director Marco von Maltzan report?
Marco von Maltzan reported receiving 1,582 phantom stock shares tied to Resources Connection common stock. The award reflects dividend equivalent units credited under the Directors Deferred Compensation Plan, increasing his recorded phantom stock balance to 85,902 shares after the transaction.
What is the nature of the phantom stock granted to the RGP director?
The phantom stock represents dividend equivalent units on previously awarded phantom shares. Each unit is economically equal to one Resources Connection common share but will be paid in cash, not stock, when the director separates from board service under the deferred compensation plan.
When will Marco von Maltzan receive payment for the RGP phantom stock units?
Payment for the phantom stock units will occur when Marco von Maltzan separates from service as a director. At that time, the accumulated phantom shares will be settled in cash according to his prior election under Resources Connection’s Directors Deferred Compensation Plan.
How many phantom stock units does the RGP director hold after this Form 4 transaction?
After receiving 1,582 additional phantom stock units, Marco von Maltzan’s recorded balance in phantom stock is 85,902 shares. This figure reflects his total phantom stock holdings in the plan immediately following the reported award transaction on the Form 4.
What plan governs the phantom stock units reported by the RGP director?
The phantom stock units are governed by Resources Connection’s Directors Deferred Compensation Plan. Under this plan, dividend equivalent phantom shares accrue on prior awards and will be paid in cash to the director after board service ends, following his chosen payout election.