Form 4: AllianceBernstein Executive Mark Manley Reports Share Transactions

AllianceBernstein's General Counsel and Corporate Secretary, Mark Manley, reported the distribution and acquisition of AB Holding Units on December 2, 2024.

Summary

• Mark Manley, General Counsel and Corporate Secretary of AllianceBernstein, reported transactions involving AB Holding Units.
• On December 2, 2024, 11,748 AB Holding Units were distributed to Mr. Manley from a rabbi trust under an employee incentive compensation award program.
• Of the distributed units, 2,861 were withheld for tax purposes, and 8,887 units were delivered to Mr. Manley.
• Mr. Manley also acquired 8,887 AB Holding Units directly.
• 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. Manley directly owns 82,187 AB Holding Units and indirectly owns 10,487 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 indicates that the executive is receiving compensation in the form of company equity.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transactions reported are typical for executive compensation plans involving equity awards.
• The use of rabbi trusts for deferred compensation is a common practice in the financial industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices of the company.
• The transactions are part of the executive compensation plan and are not expected to have a significant impact on employees.

Key Dates

Keywords

AllianceBernstein, AB Holding Units, Mark Manley, insider trading, executive compensation, rabbi trust, SEC Form 4