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 dat
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:
Automatic shelf registration statement of securities of well-known seasoned issuers - Nov. 18, 2014
Public Service Enterprise Group: Key Elements Of Operating Services Agreement - Nov. 12, 2014
Public Service Enterprise Group: Pseg Announces 2014 Third Quarter Results - Oct. 30, 2014
Public Service Enterprise Group Incorporated Just Filed Its Quarterly Report: Available-for-Sale S... - Oct. 30, 2014