Form 4: Alphatec Holdings Director Jeffrey P. Rydin Receives Stock Grant

Director Jeffrey P. Rydin of Alphatec Holdings, Inc. was granted 16,747 restricted stock units on June 12, 2024.

Summary

• On June 12, 2024, Alphatec Holdings, Inc. granted Jeffrey P. Rydin, a director of the company, 16,747 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of Alphatec Holdings' common stock.
• The restricted stock units vest on the earlier of the next annual meeting of stockholders or the death or resignation of the reporting person.
• In the event of death or resignation, the grant will vest pro-rata based on the number of days served from the grant date, divided by 365.
• Following the transaction, Rydin beneficially owns 570,310 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting conditions of the restricted stock units.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align management's interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Stock grants to directors are a common practice in publicly traded companies, particularly in the healthcare and technology sectors.
• Companies like Medtronic, Stryker, and Nuvasive also utilize stock grants as part of their executive compensation packages.
• The size and vesting schedule of the grant are generally aligned with industry benchmarks for companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term success.
• Employees may see it as a sign of confidence in the company's future.

Key Dates