Phantom Stock: Where it Fits and How to Do it Right
Private company owners are under pressure to provide stock or stock options to their top leaders. But this is both complicated and ill-advised. Most employees are not prepared to deal with the tax impact of stock compensation. And most business owners do not want the headaches associated with making employees owners (i.e., dilution, privacy loss, stock buybacks). For these reasons, Phantom Stock has become the most popular form of long-term incentive plans in private companies. These flexible programs create “ownership value” for selected employees without the tax challenges and with no equity dilution.
In his exclusive LISI Webinar, Tom Miller will explore the “whys” and “hows” of phantom stock program from the inside out. Tom has overseen the development and implementation of over 300 phantom stock programs over the past decade. Topics Tom will cover include the following:
- How phantom stock leads to better results (compared to equity plans) for both employers and employees
- How a company can identify the right type of plan for its situation
- How phantom shares are valued
- The Tax Code and phantom share plans
- When are shares paid out to employees?
- What happens to phantom shares if the company is sold?
- The impact of phantom shares on company financials
- How to decide who participates
- Best practice approaches to selecting plan features
- Documentation and compliance standards
- How to communicate plans to employees
Tom Miller is the founder and president of The VisionLink Advisory Group (https://www.vladvisors.com) He is also the chief architect of BonusRight.com, VisionLink's online tool that helps companies build and manage their incentive plan. Tom has been consulting with businesses on compensation and executive benefit issues for over 30 years. He is a frequent speaker on pay strategy issues and has authored numerous articles on topics related to compensation and executive benefits. He is VisionLink’s chief strategist and innovator.
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