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Phantom stock is a contractual agreement between a corporation and recipients of phantom shares that bestow upon the grantee the right to a cash payment at a designated time or in association with a designated event in the future, which payment is to be in an amount tied to the market value of an equivalent number of shares of the corporation's stock. [1]
Phantom stock provides a cash or stock bonus based on the value of a stated number of shares, to be paid out at the end of a specified period of time. SARs may not have a specific settlement date; like options, the employees may have flexibility in when to choose to exercise the SAR. Phantom stock may pay dividends; SARs would not.
Generally, the most senior employees own a majority stake and represent the leading voice in the company that employs them. They may be required to sell back the shares upon leaving the company. A number of countries have introduced tax advantaged share or share option plans to encourage employee share ownership.
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He owns 7.8 million shares worth $947 million, which represents 14% of Altimeter's portfolio. ... In Q3 2023, he owned as much as 15.4 million shares, meaning he reduced his exposure by 44%. Over ...
Short selling is a form of speculation that allows a trader to take a "negative position" in a stock of a company.Such a trader first borrows shares of that stock from their owner (the lender), typically via a bank or a prime broker under the condition that they will return it on demand.
A fake job, ghost job, or phantom job is a job posting for a non-existent or already filled position.. The employer may post fake job opening listings for many reasons, such as inflating statistics about their industries, protecting the company from discrimination lawsuits, fulfilling requirements by human-resources departments, identifying potentially promising recruits for future hiring ...
Phantom Space Corporation was founded in 2019 by Jim Cantrell and Michael D'Angelo. [citation needed] Chris Thompson, the second employee at SpaceX and ten-year veteran, joined Phantom Space in October of 2021 as Phantom's Chief Technology Officer in charge of launch and satellite system development.