Form 4: AllianceBernstein CEO Seth Bernstein Disposes of 13,000 Holding Units as a Gift

AllianceBernstein CEO Seth Bernstein gifted 13,000 of his holding units on December 24, 2024, reducing his direct ownership to 270,204 units.

Summary

• Seth P. Bernstein, the President and CEO of AllianceBernstein Holding L.P., disposed of 13,000 AB Holding Units on December 24, 2024.
• The transaction was a gift, and the units were valued at $36.8 each, based on the closing price of an AB Holding Unit on the NYSE on that date.
• Following this transaction, Bernstein directly owns 270,204 AB Holding Units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a gift transaction by an executive, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company executive and is common in the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders in the US, and this transaction is consistent with typical reporting requirements.
• Other financial services companies also have similar filings when executives trade or transfer shares.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in ownership by a key executive.

Key Dates

Keywords

AllianceBernstein, AB Holding Units, Seth Bernstein, CEO, Form 4, Beneficial Ownership, Gift, Securities Transaction