Nordstrom Phyllis B 4/A
4/A · 3D SYSTEMS CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
3D Systems (DDD) EVP Phyllis Nordstrom Receives 170,000-Share Award
What Happened
Phyllis B. Nordstrom, EVP, Chief Product Officer, CAO and Interim CFO of 3D Systems (DDD), was awarded 85,000 restricted shares and 85,000 performance share units on April 1, 2025. Both awards are reported at $0.00 per share (no cash paid). The restricted stock vests in three equal annual installments (one‑third each) on April 1, 2026, 2027 and 2028, subject to continued employment. The performance share units are contingent rights to receive common stock if specified stock price targets are achieved.
Key Details
- Transaction date: 2025-04-01; Awards reported as $0.00 per share.
- Grants: 85,000 restricted shares (award) + 85,000 performance share units (derivative) = 170,000 total.
- Vesting (restricted stock): 1/3 vests 4/1/2026, 1/3 vests 4/1/2027, 1/3 vests 4/1/2028 (subject to employment).
- Performance units: contingent on the issuer’s stock achieving a specified price per share.
- Filing status: AMENDED Form 4; initial filing was inadvertently late due to administrative error (footnote F1). Transaction timeliness flagged as late.
- Shares owned after transaction: not specified in this filing.
Context
This is a compensation award (not an open‑market purchase or sale). Restricted stock and performance units are common long‑term incentive tools for executives; restricted shares typically vest over time, while performance units pay out only if performance conditions (here, a stock price target) are met. The amended/late filing corrects timing of disclosure but does not change the nature of the award.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2025-04-01+85,000→ 243,973 total - Award
Performance Based Restricted Stock Units
[F3]2025-04-01+85,000→ 85,000 totalExp: 2028-04-01→ Common Stock (85,000 underlying)
Footnotes (3)
- [F1]Inadvertently filed late due to administrative error.
- [F2]The Reporting Person has been awarded 85,000 shares of restricted stock under the Issuer's 2015 Incentive Plan. One-third of the total shares awarded vest on April 1, 2026, an additional one-third of the total shares awarded vest on April 1, 2027, and the remaining shares awarded vest on April 1, 2028, subject to continued employment.
- [F3]Each performance share unit represents a contingent right to receive one share of the Issuer's common stock. The performance share units vest upon the Issuer's common stock achieving a specified price per share.