Form 4: Walgreens Boots Alliance Director Lederer Reports Acquisition of Phantom Stock Units

Director John Anthony Lederer reports acquiring phantom stock units in Walgreens Boots Alliance, Inc. as part of non-employee director compensation.

Summary

• On October 24, 2024, John Anthony Lederer, a director of Walgreens Boots Alliance, Inc., acquired 3,211.99 phantom stock units.
• These units were issued as non-employee director compensation under the company's 2021 Omnibus Incentive Plan.
• Each phantom stock unit is equivalent to one share of Walgreens Boots Alliance, Inc.'s common stock.
• The price of the derivative security is $9.34.
• Following the transaction, Lederer beneficially owns 76,710.99 phantom stock units, including units issued in lieu of dividends through October 15, 2024.
• The phantom stock units will be settled following termination of service as a director, according to the terms of the plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It's neither overwhelmingly positive nor negative.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The compensation plan is in accordance with the amended and restated Walgreens Boots Alliance, Inc. 2021 Omnibus Incentive Plan.

Future Outlook

The phantom stock units will be settled following termination of service as a director in accordance with the terms and conditions of the Plan.

Industry Context

Director compensation through equity-based awards like phantom stock units is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Equity compensation for directors is a standard practice among large publicly traded companies like Walgreens Boots Alliance.
• Companies such as CVS Health and Walmart also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific amount and type of equity compensation can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates