Form 4: Primerica Director Acquires Phantom Stock Through Dividend Reinvestment

Primerica director Gary L. Crittenden acquired additional phantom stock through dividend reinvestment under the company's deferred compensation plan.

Summary

• On December 12, 2024, Primerica director Gary L. Crittenden acquired 4 shares of phantom stock.
• The acquisition was a result of dividends paid on existing phantom stock being automatically reinvested.
• The phantom stock was acquired at a price of $62.932 per share, totaling $282.83.
• The phantom stock is convertible into common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It is a normal part of the company's operations.

Industry Context

This transaction is a routine part of executive compensation and deferred compensation plans, which are common in the financial services industry.

Comparison to Industry Standards

• Many financial services companies use phantom stock as part of their compensation packages for directors and executives.
• Dividend reinvestment in phantom stock is a common mechanism to increase holdings over time.
• The one-for-one conversion to common stock is a standard feature of phantom stock plans.

Stakeholder Impact

• The transaction has a minor positive impact on the director's holdings.
• The transaction has no material impact on other stakeholders.

Key Dates

Keywords

phantom stock, dividend reinvestment, director, Primerica, deferred compensation