Form 4: AllianceBernstein Executive Receives Incentive Compensation in AB Holding Units

Catherine R. Spencer, Chief People Officer at AllianceBernstein, received 15,992 AB Holding Units as part of her 2024 long-term incentive compensation award.

Summary

• Catherine R. Spencer, the Chief People Officer of AllianceBernstein, was granted 15,992 AB Holding Units as part of her 2024 long-term incentive compensation.
• The award was approved by the Section 16 Subcommittee of the Compensation and Workplace Practices Committee on December 11, 2024.
• These units are held in a rabbi trust under AllianceBernstein's incentive compensation award program.
• The units will vest in equal annual increments on December 1st of 2025, 2026, and 2027.
• The closing price of an AB Holding Unit on December 11, 2024, was $36.19.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The incentive compensation award demonstrates a commitment to retaining key personnel.
• The vesting schedule aligns the executive's interests with the long-term performance of the company.

Future Outlook

The AB Holding Units will vest in equal annual increments on December 1st of 2025, 2026, and 2027, subject to the terms of the award agreement.

Industry Context

This type of incentive compensation is common in the financial services industry to align executive interests with company performance and shareholder value.

Comparison to Industry Standards

• Many financial firms use equity-based compensation, such as restricted stock units or partnership units, to incentivize executives.
• The vesting schedule of three years is a typical timeframe for long-term incentive awards.
• The use of a rabbi trust is a common method for holding deferred compensation.

Stakeholder Impact

• Shareholders may view this as a positive sign of management alignment with long-term company performance.
• Employees may see this as a positive example of the company's compensation practices.

Next Steps

• The AB Holding Units will vest annually on December 1st of 2025, 2026, and 2027.

Key Dates

Keywords

Incentive Compensation, AB Holding Units, Executive Compensation, Rabbi Trust, Vesting, AllianceBernstein, Form 4