Alternative Equity: Unlocking Phantom Stock

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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-sharing
  • The biggest misconceptions around non-traditional incentives
  • How phantom stock fosters a sense of ownership without losing control
  • A step-by-step look at implementing a phantom stock plan
  • Case studies, including one from the construction industry
  • How to align incentives with succession, sale, and scaling goals
  • Surprising 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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