Form 4: AllianceBernstein CFO Acquires 26,835 Holding Units Through Incentive Award

AllianceBernstein's Chief Financial Officer, Jacqueline Marks, acquired 26,835 holding units as part of a long-term incentive compensation award.

Summary

• Jacqueline Marks, the Chief Financial Officer of AllianceBernstein, acquired 26,835 AllianceBernstein Holding Units on December 11, 2024.
• The acquisition was part of her 2024 long-term incentive compensation award, approved by the Section 16 Subcommittee of the Board of Directors.
• The units were awarded at a price of $36.19 per unit, which was the closing price of an AB Holding Unit on the date of the award approval.
• The holding units are held in a rabbi trust under AllianceBernstein's incentive compensation award program.
• The award vests in equal annual increments on December 1st of 2025, 2026, and 2027.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with company performance. There are no negative implications.

Positives

• The incentive award aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the awarded units.

Industry Context

This type of incentive compensation is common practice in the financial services industry to align executive interests with shareholder value.

Comparison to Industry Standards

• Many financial firms use long-term incentive plans, often including restricted stock units or performance-based awards, to retain and motivate key executives.
• The vesting schedule of three years is a typical timeframe for such awards, aligning with long-term strategic goals.
• The use of a rabbi trust is a common method for holding these awards until vesting, providing tax advantages and security for the executive.

Stakeholder Impact

• Shareholders may view this as a positive sign of management alignment with long-term company performance.
• Employees may see this as a standard practice for executive compensation.

Next Steps

• The awarded units will vest annually on December 1st of 2025, 2026, and 2027.

Key Dates

Keywords

AllianceBernstein, CFO, Jacqueline Marks, Incentive Compensation, Holding Units, Rabbi Trust, Vesting, SEC Form 4