Form 4: Dollar Tree Director Edward J. Kelly III Reports Acquisition of Phantom Stock
SEC Form 4 Filing
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, 2025, Edward J. Kelly III, a director of Dollar Tree, Inc., acquired 497.74 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 $75.34.
- These 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: This is a neutral filing related to director compensation. It doesn't indicate positive or negative sentiment about the company's performance.
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 related to director compensation and holdings, and doesn't necessarily reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Edward J. Kelly III acquired phantom stock. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Dollar Tree, Director, Phantom Stock, Deferred Compensation, DLTR, Beneficial Ownership
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