Form 4: AllianceBernstein Executive Hogbin Reports Share Transactions

Christopher Hogbin, Global Head of Investments at AllianceBernstein, reported the distribution and acquisition of AB Holding Units on December 2, 2024.

Summary

• Christopher Hogbin, Global Head of Investments at AllianceBernstein, reported transactions involving AB Holding Units.
• On December 2, 2024, 9,424 AB Holding Units were distributed to Mr. Hogbin from a rabbi trust under an employee incentive compensation award program.
• Of these, 3,398 units were withheld for tax purposes, and 6,026 units were delivered to him.
• The transactions were executed at a price of $36.27 per unit, which was the closing price on November 29, 2024.
• Following these transactions, Mr. Hogbin directly owns 16,026 AB Holding Units and indirectly owns 153,046 AB Holding Units through a rabbi trust.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of insider transactions, which is neutral to slightly positive as it shows executive alignment with the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like AllianceBernstein. It provides transparency into the holdings of key executives.

Comparison to Industry Standards

• Similar filings are common across the financial industry for executives of publicly listed companies.
• The transaction is typical of equity-based compensation plans, where units are distributed and sometimes withheld for tax purposes.
• Comparable companies such as BlackRock, Franklin Resources, and T. Rowe Price also have similar reporting requirements for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.
• The disclosure provides transparency to stakeholders regarding executive holdings.

Key Dates

Keywords

AllianceBernstein, AB Holding Units, Christopher Hogbin, insider trading, executive compensation, rabbi trust, SEC Form 4