Form 4: Robert Kistinger Reports Acquisition of Phantom Stock in Resources Connection, Inc.

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

Summary

• Robert Kistinger, a director of Resources Connection, Inc. (RGP), reported the acquisition of 736 shares of phantom stock on September 20, 2024.
• These phantom shares are 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 paid in cash upon Kistinger's separation from service as a director, according to his election under the plan.
• Following this transaction, Kistinger beneficially owns 53,163 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it demonstrates ongoing commitment and alignment of interests.

Positives

• The acquisition of phantom stock reflects continued participation in the Directors Deferred Compensation Plan.
• The dividend equivalent phantom shares provide additional compensation to the director.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It provides transparency regarding the equity-based compensation of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates