Form 4: Ameriprise Financial Executive Heather J. Melloh Reports Phantom Stock Acquisition

EVP and General Counsel of Ameriprise Financial, Heather J. Melloh, reports acquisition of phantom stock units convertible to common stock.

Summary

• Heather J. Melloh, EVP and General Counsel of Ameriprise Financial, filed a Form 4 on February 11, 2025.
• The form reports a transaction on February 7, 2025, involving the acquisition of 111.3999 units of phantom stock.
• Each unit of phantom stock represents the right to receive one share of Ameriprise Financial, Inc. common stock.
• These shares are payable in Ameriprise common stock upon termination of employment or during a specified future year, as per The Ameriprise Financial Deferred Compensation Plan.
• Following the reported transaction, Melloh directly owns 471.483 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock will be converted to common stock upon termination of employment or during a specified future year, according to the terms of the deferred compensation plan.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• Shareholders may be interested in this filing as it provides insight into executive compensation and alignment of interests.

Key Dates

Keywords

Form 4, Insider Trading, Phantom Stock, Ameriprise Financial, AMP, Heather J. Melloh, Executive Compensation, Deferred Compensation Plan