Form 4: Dollar Tree Director Edward J. Kelly III Reports Acquisition of Phantom Stock

Director Edward J. Kelly III reports acquiring phantom stock representing the right to receive Dollar Tree common stock due to deferred director fees.

Summary

• On April 1, 2024, Edward J. Kelly III, a director of Dollar Tree, Inc., acquired 275.92 shares of phantom stock.
• This acquisition is a result of deferred 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 is $135.91.
• The shares 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 routine regulatory filing regarding a director's compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

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 a director's compensation in the form of phantom stock, which is a common practice in corporate governance.

Key Dates