von Maltzan Marco 4
Research Summary
AI-generated summary
RGP Director Marco von Maltzan Receives 1,416 Phantom Shares
What Happened
- Marco von Maltzan, a director of Resources Connection, Inc. (RGP), was credited with 1,416 phantom shares on 2026-06-19. The Form 4 reports the transaction as an award/acquisition (code A) at $0.00 (derivative), reflecting a non-cash, deferred-compensation accrual rather than an open-market purchase or sale.
- The filing’s footnote clarifies these are dividend-equivalent phantom shares accrued on previously awarded phantom shares and are the economic equivalent of one common share each; they will be paid in cash to the director upon his separation from service per his elections under the Directors Deferred Compensation Plan.
Key Details
- Transaction date: 2026-06-19; filing date: 2026-06-23 (filed within the standard two-business-day period).
- Reported amount: 1,416 phantom shares; reported price: $0.00 (derivative/award).
- Shares owned after transaction: not disclosed in the provided summary of the filing.
- Footnote: F1 — dividend-equivalent phantom shares accrued on previously awarded phantom shares; cash-payable upon separation per plan election.
- Not a stock purchase or sale — this is deferred-compensation credit, so it does not transfer actual shares or voting rights now.
Context
- Phantom/share-equivalent awards are common director compensation vehicles that are cash-settled and meant for deferred pay; they are not the same as buying shares and generally do not indicate immediate insider bullishness or a liquidity event.