With a ________, an executive receives units instead of shares of company stock. In the future, the executive receives cash equal to the appreciation of the units owned.
A)nonqualified stock option
B)premium priced option
C)phantom stock plan
D)restricted stock plan

Question

Quizplus · Accepted Answer

C)Under phantom stock plans, executives receive not shares but "units" that are similar to shares of company stock. Then at some future time, they receive value (usually in cash)equal to the appreciation of the "phantom" stock they own.

With a ________, an Executive Receives Units Instead of Shares