Form 4: Director Park Winifred Acquires Phantom Stock in Dollar Tree, Inc.
SEC Form 4 Filing
Director Winifred Park acquired phantom stock in Dollar Tree, Inc. on October 1, 2024, representing deferred director fees.
Summary
- On October 1, 2024, Winifred Park, a director of Dollar Tree, Inc., acquired 532.37 shares of phantom stock.
- The acquisition represents a deferral of director fees under the Non-Employee Director Deferred Compensation Program.
- 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 derivative security was $70.44.
- The shares of phantom stock are 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.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The shares of phantom stock are 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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive and director compensation packages. It provides transparency into the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Winifred Park acquired phantom stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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