Form 4: AllianceBernstein Executive Simeone Reports Share Transactions

AllianceBernstein's Chief Accounting Officer, Thomas Simeone, reported the distribution and acquisition of AB Holding Units on December 2, 2024.

Summary

• Thomas Simeone, Chief Accounting Officer at AllianceBernstein, reported transactions involving AB Holding Units on December 2, 2024.
• 2,563 AB Holding Units were distributed to Mr. Simeone from a rabbi trust under an employee incentive compensation award program.
• Of the distributed units, 624 were withheld for tax purposes, and 1,939 units were delivered to Mr. Simeone.
• Mr. Simeone also acquired 1,939 AB Holding Units at a price of $36.27 per unit.
• Following these transactions, Mr. Simeone directly owns 24,555 AB Holding Units and indirectly owns 2,646 units through a rabbi trust.

Sentiment

Score: 7

Explanation: The document is a routine filing of executive share transactions, which is neither positive nor negative in itself. It is a neutral event that provides transparency.

Industry Context

This is a standard SEC Form 4 filing, which is common for executives of publicly traded companies when they have transactions involving their company's securities. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The transactions reported are typical for executive compensation and tax withholding.
• The reporting of both direct and indirect ownership is consistent with regulatory requirements.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the movement of shares within the company's executive compensation structure.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

AB Holding Units, AllianceBernstein, Thomas Simeone, insider trading, rabbi trust, executive compensation, SEC Form 4