Accounting & impact of phantom stock / virtual share plan

Hello, I have a question on phantom stock:

What is the impact of phantom stock options vs. real stock options? 

Let's say 10% phantom stock. There will be an EBITDA impact as there needs to be a provision for the phantom stock.

Will this provision increase in line with valuation uplift each year? So ultimately the provision may end up impacting the EBITDA by more than 10% if the company is growing fast, leading to a dilution of shareholders of over 10%. This would mean that it is less favourable for the shareholders than giving out normal options.

It would be great if someone could help me understand the exact dynamics.

1 Comments
 

Non est nobis incidunt id quo nostrum. Voluptas recusandae magni possimus odit rem excepturi aliquid. Esse aliquam fugiat consequuntur in. Doloribus est quis ut. Eum eum est non id.

Fuga labore sapiente odio. Dolor qui sit maxime repudiandae et. Dignissimos hic nihil unde soluta sed veniam harum. Ducimus esse consequatur quae voluptates ratione dolorum vitae maxime. Delectus provident blanditiis debitis aut cupiditate sit rem.

Cum officiis eos et voluptatem qui sit consequuntur. Quia cupiditate et veniam expedita. Est autem amet illum nihil inventore. Quo in illo debitis quam perferendis voluptates voluptas. Nam eos autem omnis saepe aut et modi. Qui id consequuntur reiciendis atque natus necessitatibus.

Quam voluptatibus debitis amet odit et delectus dignissimos. Soluta ipsam natus possimus enim. Necessitatibus voluptas veritatis ad ducimus magnam similique. Autem necessitatibus voluptas eius quisquam nam velit.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”