Form 4: AllianceBernstein Director Kaye Receives 4,253 Restricted AB Holding Units

Director Daniel G. Kaye acquired 4,253 restricted AB Holding Units at a price of $39.98 on May 21, 2025, increasing his total holdings to 44,130 units.

Summary

• Daniel G. Kaye, a director at AllianceBernstein Holding L.P., acquired 4,253 restricted AB Holding Units on May 21, 2025.
• The acquisition price was $39.98 per unit.
• These units were granted during a Board of Directors meeting where each Independent Director recused themselves from approving the grant.
• The restricted units will vest in three equal installments on May 1, 2026, 2027, and 2028.
• Following the transaction, Kaye's total beneficial ownership of AB Holding Units increased to 44,130.
• The transaction was reported on May 23, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of restricted stock units) which is generally viewed as a positive sign of aligning management interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The grant of restricted units to a director aligns their interests with the long-term performance of the company.
• The vesting schedule encourages the director's continued service and contribution to the company over the next three years.

Future Outlook

The restricted units will vest over the next three years, aligning the director's interests with the company's long-term performance.

Industry Context

Granting restricted stock units is a common practice in the financial services industry to incentivize and retain key personnel.

Comparison to Industry Standards

• Companies like BlackRock and Franklin Resources also use restricted stock units as part of their compensation packages for directors and executives.
• The vesting schedule of three years is fairly standard in the industry.

Stakeholder Impact

• The grant of restricted units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages the director's continued service and contribution to the company.

Key Dates

Keywords

AB Holding Units, AllianceBernstein, Director, Daniel G. Kaye, Restricted Units, Beneficial Ownership, Form 4, SEC