Form 4: Ameriprise Financial Director Armando Pimentel Jr. Reports Acquisition of Phantom Stock

Director Armando Pimentel Jr. reports acquisition of phantom stock convertible to common stock upon departure from the board.

Summary

• On April 24, 2024, Armando Pimentel Jr., a director of Ameriprise Financial Inc., reported the acquisition of 460.2044 shares of phantom stock.
• These shares are convertible to common stock upon his departure from the board.
• The phantom stock was acquired as part of an annual grant.
• Mr. Pimentel's holdings following the transaction include 1,500.5477 shares of phantom stock.
• The reporting director will receive common stock of Ameriprise Financial, Inc. in settlement of the reporting director's deferred share units on a one-for-one basis in a lump sum at the end of the quarter immediately following the quarter in which the reporting director's termination of service on the Board of Directors occurs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

Upon ceasing to be a non-employee director, the reporting director will receive common stock of Ameriprise Financial, Inc. in settlement of the reporting director's deferred share units on a one-for-one basis in a lump sum at the end of the quarter immediately following the quarter in which the reporting director's termination of service on the Board of Directors occurs.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, common in the financial services industry.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to director compensation and potential future dilution upon conversion of phantom stock.

Key Dates