Form 4: Robert Kistinger Reports Acquisition of Phantom Stock in Resources Connection, Inc.
SEC Form 4 Filing
Director Robert Kistinger reports the acquisition of 1,327 phantom shares in Resources Connection, Inc. due to dividend equivalents.
Summary
- Robert Kistinger, a director of Resources Connection, Inc. (RGP), reported the acquisition of 1,327 phantom shares on March 14, 2025.
- The acquisition is due to dividend equivalent phantom shares accrued on previously awarded phantom shares, as per the Directors Deferred Compensation Plan.
- Each phantom share is economically equivalent to one share of common stock.
- These phantom shares will be payable in cash upon Kistinger's separation from service as a director, according to his election under the plan.
- Following the transaction, Kistinger beneficially owns 66,858 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock ownership, indicating a neutral sentiment.
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 executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and holdings.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Acquisition of 1,327 phantom shares. |
Keywords
Form 4, Resources Connection Inc, RGP, Robert Kistinger, Phantom Stock, Dividend Equivalents, Director, Beneficial Ownership, Directors Deferred Compensation Plan
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