Case Study: Athena simplifies phantom equity management with Carta

How Carta makes phantom equity simple for Athena LLC

Athena, a Puerto Rico-based LLC established in 2021, uses phantom equity to attract and retain talent across more than 1,000 employees and contractors. As an LLC, it could not issue stock options or restricted stock units, so it needed a way to manage a phantom unit plan that shared future business value with its team.

With Carta, Athena manages distribution and execution of award agreements, real-time monitoring of granted and vested phantom units, and critical plan documents. Athena says the platform has been seamless and user-friendly, with participants able to see their units and plan rules in real time, reducing manual email follow-up and helping the company save time.

Athena

Wilson Hung

Head of Growth