Form 4: AllianceBernstein Director Holley Receives Restricted Unit Grant

Director Bruce M. Holley of AllianceBernstein Holding L.P. was granted 4,992 restricted AB Holding Units on May 22, 2024, which will vest in equal installments over the next three years.

Summary

• Bruce M. Holley, a director of AllianceBernstein Holding L.P., received a grant of 4,992 restricted AB Holding Units on May 22, 2024.
• The grant was approved during a Board of Directors meeting of AllianceBernstein Corporation, with independent directors recusing themselves from the vote.
• These units will vest and be delivered in equal 33% increments on May 1 of 2025, 2026, and 2027.
• The closing price of an AB Holding Unit on the grant date was $34.06.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of restricted units aligns the director's interests with those of the company and its shareholders.
• Vesting over three years encourages long-term commitment and performance.

Future Outlook

The restricted units will vest over the next three years, incentivizing the director's continued service and contribution to the company's performance.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the financial services industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Similar grants are common among asset management firms such as BlackRock, Franklin Resources, and T. Rowe Price to incentivize key personnel.
• The vesting schedule of three years is a typical timeframe for such grants in the industry.

Stakeholder Impact

• Shareholders may view the grant positively as it aligns the director's interests with long-term company performance.
• Employees may see it as a sign of stability and commitment to leadership.

Key Dates