Form 4: Ameriprise Financial Inc. Director Reports Acquisition of Phantom Stock

Robert Francis Sharpe JR, a director at Ameriprise Financial Inc., reported the acquisition of phantom stock units convertible to common stock upon termination of service.

Summary

• On April 24, 2024, Robert Francis Sharpe JR, a director of Ameriprise Financial Inc., reported acquiring 460.2044 units of phantom stock.
• Each unit of phantom stock represents the right to receive one share of Ameriprise Financial, Inc. common stock.
• These units will be settled in a lump sum of common stock at the end of the quarter immediately following the quarter in which the director's service on the Board of Directors terminates.
• Following the reported transaction, Sharpe directly owns 38,215.5525 shares of Ameriprise Financial Inc. common stock.

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 insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units that convert to common stock in the future.

Key Dates