Form 4: Director von Maltzan Increases Holdings in Resources Connection, Inc. Through Dividend Equivalent Phantom Shares

Director Marco von Maltzan reports acquisition of dividend equivalent phantom shares in Resources Connection, Inc. under the Directors Deferred Compensation Plan.

Summary

• On March 14, 2024, Marco von Maltzan, a director of Resources Connection, Inc. (RGP), acquired 501 shares of phantom stock.
• These shares represent dividend equivalents accrued on previously awarded phantom shares under the Directors Deferred Compensation Plan.
• Each phantom share is economically equivalent to one share of RGP common stock.
• The phantom shares will be payable in cash upon von Maltzan's separation from service as a director, according to his election under the plan.
• Following this transaction, von Maltzan directly owns 47,172 phantom stock shares.

Sentiment

Score: 7

Explanation: The document indicates a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it reflects ongoing commitment from a board member.

Future Outlook

The phantom shares 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 reflects routine compensation practices for board members, aligning their interests with long-term shareholder value through deferred compensation plans.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating alignment of director interests with the company's long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates