Form 4: Ameriprise Financial Director Amy DiGeso Reports Acquisition of Phantom Stock

Amy DiGeso, a director at Ameriprise Financial, reported the acquisition of phantom stock units convertible to common stock upon termination of service.

Summary

• On April 24, 2024, Amy DiGeso, a director of Ameriprise Financial Inc. (AMP), acquired 460.2044 shares of phantom stock.
• These phantom stock units will be settled in common stock upon DiGeso ceasing to be a non-employee director.
• The settlement will occur in a lump sum at the end of the quarter immediately following the quarter in which her service on the Board of Directors terminates.
• Following the transaction, DiGeso beneficially owns 11,922.3519 shares of Ameriprise Financial Inc. common stock (including the phantom stock).
• The report was filed on April 26, 2024.
• A Power of Attorney was executed on October 4, 2023, granting authority to Heather Melloh, Wendy B. Mahling, James R. DeBuse, Andrea Bjergo, Mary St. Marie, and Tara Stoffel to act on DiGeso's behalf for SEC filings.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition by a director. It doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• The Power of Attorney ensures timely and accurate SEC filings.

Future Outlook

The director will receive common stock in settlement of the deferred share units upon termination of service on the Board of Directors.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a director's continued investment in the company's future.

Comparison to Industry Standards

• Director stock ownership is common across the financial services industry.
• Companies like BlackRock and Goldman Sachs also have similar reporting requirements for their directors' stock transactions.
• The amount of stock owned by directors varies widely based on individual circumstances and company policies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's stake in the company.

Key Dates