Alternative Equity: Unlocking Phantom Stock

09/09/2025 22 min

Listen "Alternative Equity: Unlocking Phantom Stock"

Episode Synopsis

In this episode, we’re joined by Chris Buttenham, Co-Founder of Reins and co-author of Alternative Equity: The Owner’s Guide to Phantom Stock & Modern Incentives.Chris breaks down how business owners can retain and inspire top talent without giving up ownership—using modern incentive models like phantom stock.We cover:What phantom stock is and how it compares to equity or profit-sharingThe biggest misconceptions around non-traditional incentivesHow phantom stock fosters a sense of ownership without losing controlA step-by-step look at implementing a phantom stock planCase studies, including one from the construction industryHow to align incentives with succession, sale, and scaling goalsSurprising lessons uncovered while writing the book... and MORE!Tune in and discover ways to strengthen retention, culture, and alignment without giving up equity!

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