shadow stock

noun2

1. •
   Virtual stock having a calculated value, without real-world fluctuations, used to motivate and compensate employees.

   • The IRS characterized the plan as a classic phantom stock or shadow stock plan. Under the plan, the corporation would grant “units” to certain employees, officers, and directors. — 2008
2. •
   Stock from smaller companies that is not highly tracked by financial analysts or professional investors.