Some additional info was provided as follows:
Phantom stock converts to common stock on a 1-for-1 basis. Phantom stock represents the share equivalent of amount deferred under the Directors' Compensation Plan.
The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of services as a director.
The derivative, phantom stock, does not have a corresponding exercisable date nor expiration date.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Public Service Enterprise Group Incorporated next reports earnings on April 28, 2014.
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Other recent filings from the company include the following: