An executive who receives a ________ stock receives units instead of shares of company stock.The units will be equated to cash in the future if appreciation occurs.

Question

Quizplus · Accepted Answer

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.

An Executive Who Receives a ________ Stock Receives Units Instead