Form 4: AllianceBernstein Executive Sells Shares in Response to Equitable Holdings Tender Offer
SEC Form 4 Filing
Mark R. Manley, General Counsel & Corp Sec of AllianceBernstein, disposed of 14,158 AB Holding Units at $38.50 per unit following Equitable Holdings' cash tender offer.
Summary
- Mark R. Manley, General Counsel & Corp Sec of AllianceBernstein Holding L.P., reported a transaction on April 3, 2025.
- He disposed of 14,158 AB Holding Units at a price of $38.50 per unit.
- This transaction was in response to the cash tender offer for Units initiated by Equitable Holdings, Inc. on February 24, 2025, which expired on April 1, 2025, and was finalized on April 3, 2025.
- Following the transaction, Manley directly owns 67,229 AB Holding Units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a transaction related to a tender offer.
Industry Context
The tender offer by Equitable Holdings and subsequent sale of shares by an executive reflects potential shifts in ownership and control within AllianceBernstein.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Equitable Holdings, Inc. initiated cash tender offer for Units |
| 04/01/2025 | Expiration date of Equitable Holdings' cash tender offer |
| 04/03/2025 | Date of transaction: Manley disposed of AB Holding Units; Equitable Holdings' tender offer finalized |
| 04/07/2025 | Date of Form 4 filing |
Keywords
AllianceBernstein, AB Holding Units, Equitable Holdings, Tender Offer, Form 4, Manley, Disposition, Securities
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