Form 4: Alphatec Holdings Director Pelizzon Receives Restricted Stock Units, Discloses Indirect Ownership

David R. Pelizzon, a director of Alphatec Holdings, received 16,747 restricted stock units and disclosed indirect beneficial ownership of shares held by Squadron Capital LLC.

Summary

• On June 12, 2024, Alphatec Holdings granted David R. Pelizzon, a director, 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 the death or resignation of Pelizzon, with pro-rata vesting in case of death or resignation based on days served.
• Pelizzon also reported indirect beneficial ownership of 11,395,045 shares held by Squadron Capital LLC, where he is a member of the Managing Committee.
• Pelizzon disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of RSUs is a standard practice and indicates confidence in the company's future performance. The disclaimer of beneficial ownership is a legal formality.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Management Comments

• Pelizzon expressly disclaims beneficial ownership of the shares held by Squadron Capital LLC, except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning the director's interests with the company's performance.
• The disclosure provides transparency regarding the director's ownership stake.

Key Dates