Form 4: AllianceBernstein Director Stonehill Receives Restricted AB Holding Units

Charles G.T. Stonehill, a director at AllianceBernstein Holding L.P., was granted 4,253 restricted AB Holding Units on May 21, 2025.

Summary

• Charles G.T. Stonehill, a director of AllianceBernstein Holding L.P., received 4,253 restricted AB Holding Units on May 21, 2025.
• These units were granted during a board meeting where each independent director recused themselves from approving the grant.
• The AB Holding Units will vest in equal installments of 33.33% on May 1, 2026, 2027, and 2028.
• Following the transaction, Stonehill beneficially owns 25,176 AB Holding Units.
• The closing price of an AB Holding Unit on the grant date was $39.98.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as the grant of restricted units is a standard practice that aligns director interests with shareholder value.

Positives

• The grant of restricted units aligns the director's interests with the long-term performance of AllianceBernstein Holding L.P.

Future Outlook

The restricted units will vest over a three-year period, incentivizing the director to contribute to the company's long-term success.

Industry Context

Granting restricted stock units is a common practice to align the interests of directors and management with those of shareholders in the financial services industry.

Comparison to Industry Standards

• Companies like BlackRock and Franklin Resources also use restricted stock units as part of their compensation packages for directors and key employees.
• The vesting schedules are generally in line with industry norms, typically ranging from three to five years.

Stakeholder Impact

• The grant of restricted units could positively impact shareholders by aligning the director's interests with the company's long-term performance.

Key Dates

Keywords

AllianceBernstein, AB Holding Units, Director, Stonehill, Restricted Units, Beneficial Ownership, Form 4