Form 4: Walgreens Boots Alliance Director Ginger L. Graham Reports Acquisition of Phantom Stock Units

Director Ginger L. Graham reports acquisition of phantom stock units as non-employee director compensation.

Summary

• Ginger L. Graham, a director of Walgreens Boots Alliance, Inc. [WBA], filed a Form 4 on November 5, 2024.
• The report details the acquisition of phantom stock units on November 1, 2024, as part of non-employee director compensation.
• A total of 21,141.65 phantom stock units were acquired at a price of $9.46 each.
• Following the transaction, Graham's total holdings include 93,557.85 phantom stock units.
• These units are to be settled following termination of service as a director, according to the terms of the Walgreens Boots Alliance, Inc. 2021 Omnibus Incentive Plan.
• The reported holdings include phantom stock units issued in lieu of dividends through October 31, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The compensation plan is already in place.

Future Outlook

The phantom stock units will be settled following termination of service as a director, according to the terms of the Walgreens Boots Alliance, Inc. 2021 Omnibus Incentive Plan.

Industry Context

Reporting of transactions by company insiders is standard practice and provides transparency to the market. Phantom stock units are a common form of executive compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates