Form 4: Ameriprise Financial EVP Gerard P. Smyth Reports Acquisition of Phantom Stock

EVP & CIO of Ameriprise Financial, Gerard P. Smyth, reports acquiring phantom stock representing the right to receive Ameriprise common stock.

Summary

• Gerard P. Smyth, EVP & CIO of Ameriprise Financial, filed a Form 4.
• The report indicates the acquisition of 146.2124 shares of phantom stock on February 7, 2025.
• Each share of phantom stock represents the right to receive one share of Ameriprise Financial, Inc. common stock.
• The phantom stock is payable in shares of Ameriprise common stock following termination of employment or during a specified future year in accordance with The Ameriprise Financial Deferred Compensation Plan.
• Following the transaction, Smyth directly owns 1,084.6688 shares of phantom stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing regarding executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock aligns the executive's interests with the long-term performance of Ameriprise Financial.

Future Outlook

The phantom stock is payable in shares of Ameriprise common stock following termination of employment or during a specified future year in accordance with The Ameriprise Financial Deferred Compensation Plan.

Industry Context

Executive compensation packages often include phantom stock to incentivize long-term performance and align executive interests with shareholder value. This is a common practice in the financial services industry.

Comparison to Industry Standards

• Companies like BlackRock, Goldman Sachs, and Morgan Stanley also utilize phantom stock or similar equity-based compensation plans for their executives.
• The specific terms and conditions of these plans vary, but the underlying principle of aligning executive compensation with company performance remains consistent.

Stakeholder Impact

• The acquisition of phantom stock by an executive can have a minor positive impact on shareholders by aligning management's interests with the company's long-term success.

Key Dates

Keywords

Form 4, phantom stock, Ameriprise Financial, executive compensation, Smyth, AMP