You know what it looks like… but what is it called?
TAKE THE QUIZ“phantom stock”
We have one entry that includes the term phantom stock.
phantom stock plan
noun: a form of executive compensation in which an employee is granted units representing shares of stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are nontransferable, have no cash value, and confer none of the noneconomic rights (as voting) conferred by ordinary stock
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Merriam-Webster unabridged
