Van Deursen Holly 4
Research Summary
AI-generated summary
Albemarle (ALB) Director Holly Van Deursen Receives Award
What Happened
- Holly Van Deursen, a member of Albemarle Corporation's board (Director), received an award of 1,250 Phantom Stock units on July 1, 2026. The units were reported at an acquisition price of $0.00 (transaction code A = Award/Grant). These are derivative units that convert 1-for-1 into common stock when paid out and are part of the company's non-employee director compensation program.
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
- Award: 1,250 Phantom Stock units, $0.00 acquisition price.
- Vesting/payable: Units vest on July 1, 2027 (per plan); payable as shares per the reporting person's election.
- Nature: Derivative award (Phantom Stock units include dividend equivalent rights; no expiration date).
- Shares owned after transaction: Not disclosed in this filing.
- Filing timeliness: Form 4 was filed July 6 for a July 1 grant — appears to be later than the standard 2-business-day Form 4 filing window.
Context
- This is routine director compensation (annual non-employee director award) rather than a market purchase or sale. Phantom Stock units are rights to receive shares (and dividend equivalents) in the future; their cash-equivalent value depends on Albemarle's stock price when converted or paid. Such awards are common for non-employee directors and do not, by themselves, indicate a personal buy/sell signal.