Form 4: Alphatec Holdings Director Blackford Receives Stock Grant

Director Quentin S. Blackford of Alphatec Holdings, Inc. received 16,747 restricted stock units on June 12, 2024.

Summary

• Quentin S. Blackford, a director of Alphatec Holdings, Inc., reported changes in beneficial ownership to the SEC.
• On June 12, 2024, Blackford was granted 16,747 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Alphatec Holdings' common stock.
• The RSUs vest on the earlier of the next annual meeting of stockholders or Blackford's death or resignation, with pro-rata vesting in the event of death or resignation.
• Following the transaction, Blackford beneficially owns 589,352 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service by the director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the medical device industry. Companies often use stock grants to incentivize and retain key personnel.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the director.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates