Form 4: AllianceBernstein Executive Siemers Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William R. Siemers, SVP and Interim CFO of AllianceBernstein Holding L.P., reports changes in his beneficial ownership of AB Holding Units due to a distribution from an employee incentive compensation plan and subsequent withholding for tax purposes.
Summary
- On February 28, 2024, William R. Siemers, SVP and Interim CFO of AllianceBernstein Holding L.P., reported changes in his beneficial ownership of AB Holding Units.
- 21,873 AB Holding Units previously owned through a rabbi trust under an employee incentive compensation award program were distributed to him.
- 5,327 AB Holding Units were withheld for tax purposes.
- 16,546 AB Holding Units were delivered to him.
- The closing price of an AB Holding Unit on February 28, 2024, was $33.18.
- Following these transactions, Siemers directly owns 56,568 AB Holding Units and indirectly owns 13,416 AB Holding Units through a rabbi trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Distribution of AB Holding Units and withholding for tax purposes. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.