Form 4: Ameriprise Financial Director Dianne Neal Blixt Reports Acquisition of Phantom Stock

Dianne Neal Blixt, a director at Ameriprise Financial, reported the acquisition of phantom stock representing the right to receive common stock upon leaving the board.

Summary

• On April 24, 2024, Dianne Neal Blixt, a director of Ameriprise Financial Inc. (AMP), reported the acquisition of 460.2044 shares of phantom stock.
• Each share of phantom stock represents the right to receive one share of Ameriprise Financial, Inc. common stock.
• These shares were acquired as part of an annual grant.
• Upon ceasing to be a non-employee director, Blixt will receive common stock in settlement of the deferred share units.
• 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, Blixt beneficially owns 11,922.3519 shares of Ameriprise Financial Inc. common stock through direct ownership.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of phantom stock is a routine part of director compensation and aligns the director's interests with the company's performance. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The director's holdings of 11,922.3519 shares demonstrates a significant investment in the company's future.

Future Outlook

Upon ceasing to be a non-employee director of Ameriprise Financial, Inc., 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings help investors understand the buying and selling activity of those with privileged information about the company.

Key Dates