Form 4: Director Neil Dimick Reports Dividend Equivalent Phantom Share Accrual in Resources Connection, Inc.

Neil Dimick, a director of Resources Connection, Inc. (RGP), reported the accrual of dividend equivalent phantom shares on June 13, 2024.

Summary

• On June 13, 2024, Neil Dimick, a director at Resources Connection, Inc. (RGP), reported a transaction involving phantom stock.
• The transaction involved the accrual of 673 dividend equivalent phantom shares.
• These phantom shares are accrued on previously awarded phantom shares as part of the Directors Deferred Compensation Plan.
• Each phantom share is equivalent to one share of common stock and will be payable in cash upon the director's separation from service.
• Following the reported transaction, Dimick beneficially owns 52,427 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to director compensation, with neutral sentiment.

Future Outlook

The phantom shares will be payable in cash upon Neil Dimick's separation from service as a director, with the amount depending on the value of the common stock at that time.

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and holdings, and it doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The accrual of phantom shares has a minimal direct impact on current shareholders, employees, customers, suppliers, and creditors.

Key Dates