Form 4: Director Cheryl W. Grise Acquires Phantom Stock in Dollar Tree, Inc.

Cheryl W. Grise, a Director at Dollar Tree, Inc., acquired phantom stock representing the right to receive common stock, as indicated in a Form 4 filing with the SEC.

Summary

• On April 1, 2024, Cheryl W. Grise, a director of Dollar Tree, Inc., acquired 340.3 shares of phantom stock.
• Each share of phantom stock represents the right to receive one share of Dollar Tree common stock and cash for any fractional shares.
• The price of the phantom stock is $135.91 per share.
• The phantom stock is payable in common stock following the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.
• The reporting person directly owns the phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Future Outlook

The phantom stock is payable in common stock following the earlier of the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.

Industry Context

This is a routine disclosure of insider activity. Directors often receive stock-based compensation as part of their overall remuneration package. Phantom stock is a common form of deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock by a director aligns the director's interests with those of the shareholders.

Key Dates