A grant of units equal in value to fair market value or book value of a share of stock is known as
A)stock appreciation rights.
B)a stock purchase.
C)restricted stock.
D)phantom stock.

Question

Quizplus · Accepted Answer

Phantom stock is a financial arrangement where employees receive benefits linked to the stock's performance without owning the actual stock. It mirrors the value of the company's stock, hence "phantom," allowing employees to profit from stock price increases without granting them actual equity or shares.

A Grant of Units Equal in Value to Fair Market