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Episode 115

2/16/23

Topic: Should You Incentivize Your Team with Phantom Stock?

Guest: Dan Gordon, PCO Bookkeepers & M&A Specialists, and Donnie Shelton, Triangle Home Services


In this episode we discuss:

  • What phantom stock is and how it can be used to reward employees

  • Why it's important to consult an attorney

  • How it's different from real stock

  • The importance of defining how you will value the business

  • Why Donnie tied phantom stock to the company's composite score

  • How you can set up an employee's compensation plan including phantom stock

  • How dilution plays a role in the arrangement

  • Donnie's experience with phantom stock and his views of the cons of this compensation model

  • Why Donnie says there are other tools to accomplish similar goals

Resources mentioned:

Notable/Advice: "I am not a phantom stock hater, I would just say to be careful and think about what your true goal is." —Donnie Shelton

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