Form 4: Alphatec Holdings COO Receives Restricted Stock Units in Lieu of Salary

Scott Lish, Chief Operating Officer of Alphatec Holdings, Inc., received 21,751 restricted stock units (RSUs) on April 1, 2025, as part of an employee salary conversion plan.

Summary

• On April 1, 2025, Scott Lish, the Chief Operating Officer of Alphatec Holdings, Inc., was granted 21,751 restricted stock units (RSUs).
• These RSUs are part of an employee salary conversion plan adopted by the Compensation Committee on March 31, 2025.
• The RSUs are being granted in place of a portion of Lish's cash salary for the period between March 31, 2025, and December 21, 2025.
• Each RSU represents the right to receive one share of Alphatec's common stock, pending stockholder approval of an amendment to the 2016 Equity Incentive Plan.
• The RSUs will vest in two equal installments on August 5, 2025, and December 5, 2025.
• The conversion price is based on the closing price of Alphatec's common stock on March 31, 2025.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive compensation. It's neutral in tone and doesn't indicate significant positive or negative developments.

Positives

• The employee salary conversion plan may help Alphatec conserve cash by issuing RSUs instead of salary.
• The plan aligns employee incentives with the company's stock performance.

Risks

• The issuance of shares upon RSU vesting is contingent on stockholder approval of an amendment to the 2016 Equity Incentive Plan.
• If shareholder approval is not obtained, the RSUs may not be convertible to shares.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs and the requirement for shareholder approval.

Industry Context

The use of RSUs as part of compensation packages is a common practice in the industry to align employee incentives with company performance and conserve cash.

Stakeholder Impact

• Shareholders will be impacted by the potential dilution if the RSUs are converted to common stock.
• Employees participating in the salary conversion plan may be impacted by the change in compensation structure.

Next Steps

• Stockholder approval of an amendment to the 2016 Equity Incentive Plan is required.
• The RSUs will vest on August 5, 2025, and December 5, 2025, subject to shareholder approval.

Key Dates

Keywords

restricted stock units, RSUs, Alphatec Holdings, Scott Lish, salary conversion plan, equity incentive plan, compensation, ATEC