How Do Phantom Stocks Work?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 15 September 2021

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.7	Joining me today is Ramsey personality, Ken Coleman.
0:15.4	Up next is Weston and Salt Lake City, Utah.
0:20.1	Hi, Weston. How are you?
0:22.3	Good.
0:22.8	How are you?
0:23.4	Better than I deserve.
0:24.6	What's up?
0:26.5	Hi.
0:27.2	So my work gave me two Phantom Unit Award agreements, and I was wondering if you could explain
0:35.7	what those are.
0:36.6	And yeah, I just was searching, and I've never seen you talk about them on your YouTube channel or over.
0:45.1	No, I probably haven't.
0:46.6	But, I mean, basically it's deferred comp is what it is based on the stock price.
0:52.6	And there's not a set,
0:54.5	there's not necessarily a set methodology on when you receive them.
0:58.6	It would be by the agreement.
1:00.7	A lot of them, they only let you cash them in when you leave.
1:05.4	Is that what yours are?
1:07.9	I believe so.
1:10.8	You know, they ended up giving me 1,250 units and, yeah, both of them have different, like, grant dates and investing commencement dates.
1:19.6	Yeah, I just, I have a vague understanding of what they are, and I just, yeah.
	...

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