Stone Melissa Ann 4
Research Summary
AI-generated summary
PVH Interim CFO Melissa Ann Stone Receives Phantom Stock Award
What Happened
- Melissa Ann Stone, EVP and Interim Chief Financial Officer of PVH Corp. (PVH), was awarded 0.518 phantom shares on March 25, 2026. The award is recorded at $67.08 per share, for a cash value of approximately $35. This transaction is reported as an award/grant (transaction code A) and is a derivative, cash‑settled entitlement rather than issuance of actual common stock.
Key Details
- Transaction date and price: 2026-03-25; 0.518 phantom shares @ $67.08 each (total ~$35).
- Transaction type: Award/grant of phantom stock (derivative), reported on Form 4.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- These are "phantom" shares held in a supplemental savings plan account (F1).
- Phantom shares are payable in cash following termination of employment; each phantom share equals the cash value of one share of PVH common stock. The reporting person may transfer the value into alternative investments at any time (F2).
- Filing timing: Form 4 was filed on 2026-03-27 for a 2026-03-25 transaction (filed within the normal two-business-day Form 4 window).
Context
- Phantom stock awards are cash‑settled compensation arrangements and do not represent immediate ownership of company shares; they provide exposure to the company’s share price without issuing equity. Such awards are typically part of executive compensation or supplemental savings plans and are routine rather than an open‑market purchase or sale.