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SEC Form 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section 16. Form 4 or Form 5
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How to fill out phantom stock units are

01
Determine the number of phantom stock units to be issued to the employee.
02
Set the vesting schedule for the phantom stock units.
03
Establish the valuation method for determining the value of the phantom stock units.
04
Communicate the terms of the phantom stock units to the employee.
05
Keep track of the phantom stock units and update the employee on their vested units.

Who needs phantom stock units are?

01
Companies looking to provide employees with a stake in the company without giving up ownership.
02
Startups that want to attract and retain top talent.
03
Employees who want to benefit financially from the company's growth without actually owning stock.
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Phantom stock units are a form of employee compensation that gives employees the right to receive cash or stock in the company based on the company's performance.
Employers who offer phantom stock units as part of their employee compensation plan are required to file information about these units.
Employers need to provide detailed information about the phantom stock units, including the number of units granted, the vesting schedule, and the criteria for payout.
The purpose of phantom stock units is to incentivize and reward employees for their performance and loyalty to the company without diluting the company's ownership.
Employers must report the fair market value of the phantom stock units at the time of grant, as well as any subsequent changes in value.
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