Form 4: Director Neil Dimick Reports Acquisition of Phantom Stock in Resources Connection, Inc.

Neil Dimick, a director of Resources Connection, Inc. (RGP), reported the acquisition of additional phantom stock units due to dividend equivalents.

Summary

• On March 14, 2025, Neil Dimick, a director at Resources Connection, Inc. (RGP), acquired 1,327 shares of phantom stock.
• This acquisition is due to dividend equivalent phantom shares accrued on previously awarded phantom shares, as per the Directors Deferred Compensation Plan.
• Each phantom stock share is economically equivalent to one share of common stock.
• These phantom stock shares will be paid in cash upon Dimick's separation from service as a director, according to his election under the Directors Deferred Compensation Plan.
• Following this transaction, Dimick directly owns 66,858 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to continued alignment of director and shareholder interests.

Positives

• The acquisition of phantom stock reflects continued alignment of director interests with shareholder value through dividend equivalents.

Future Outlook

The phantom stock will be payable in cash to the reporting person upon separation from service as a director in accordance with the reporting person's election under the Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance through dividend equivalents.

Key Dates

Keywords

phantom stock, director, Resources Connection Inc, RGP, dividend equivalents, Neil Dimick, Form 4, Directors Deferred Compensation Plan