20-162A 20-162A . . . Book Value Phantom Stock Plan under which Committee of Board of Directors may, from time to time, grant quantity of phantom shares to selected employees, each share being equivalent to one share of corporation common stock. Phantom shares may be exercised at any time within ten years of date of grant (subject to certain limitations in event of termination of employment) Upon exercise, employee is paid cash equal to increase in underlying net book value per share on fully diluted basis of shares between date of grant and date of exercise
District of Columbia Book Value Phantom Stock Plan of First Florida Banks, Inc.
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How to fill out Book Value Phantom Stock Plan Of First Florida Banks, Inc.?
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Just as with stock awards, the purpose of a phantom stock plan is to generate an ownership mentality and reward key employees for helping to grow the business value. However, phantom stock has one big advantage?there is no sharing of actual equity with the employees. No requirement to open the books.
If a business is sold, employees that own phantom stock receive money that is equal to the amount they would have received had they owned actual stock in the company. For that reason, it's financially beneficial to employees to own phantom stock, as they don't need to worry about dilution. Phantom Stock: Everything You Need to Know - UpCounsel upcounsel.com ? phantom-stock upcounsel.com ? phantom-stock
The answer involves two variables: (a) the presumed value of the company, and (b) the number of shares to be used in the plan. Once these two answers are known, the phantom share price is calculated as the former (the value) divided by the latter (the number of shares). Valuation - Phantom Stock Online phantomstockonline.com ? wiki ? valuation phantomstockonline.com ? wiki ? valuation
Phantom stock plans are considered ?liability awards? for accounting purposes (assuming they will be settled in cash rather than stock). As such, the sponsoring company must recognize the plan expense ratably over the vesting period. Varying accrual schedules can be found in the market. Accounting - Phantom Stock Online phantomstockonline.com ? wiki ? accounting phantomstockonline.com ? wiki ? accounting
A phantom stock plan refers to a type of deferred employee compensation plan where plan participants benefit from the upside of a company's share price without actually receiving company shares. In a phantom stock plan, upon redemption of phantom stock, the plan participant receives cash compensation. Phantom Stock Plan - Definition, Types, Explanation corporatefinanceinstitute.com ? resources ? career corporatefinanceinstitute.com ? resources ? career
However, phantom stocks come with a considerable amount of disadvantages that can diminish participants' perceived control and influence, strain company liquidity, require extensive administrative efforts, introduce tax complexities, create disagreements, and subject participants to volatility in financial benefits ...
As a default, this form plan provides for forfeiture of all unvested phantom stock units upon a participant's termination of employment (subject to the terms of the award agreement).
The answer involves two variables: (a) the presumed value of the company, and (b) the number of shares to be used in the plan. Once these two answers are known, the phantom share price is calculated as the former (the value) divided by the latter (the number of shares).
