Form 4: Alphatec Holdings Director Valentine Keith Reports Stock Grants

Director Valentine Keith reports receiving grants of restricted stock units from Alphatec Holdings, Inc.

Summary

• On July 29, 2024, director Valentine Keith received 15,077 restricted stock units that vest on the earlier of the next annual meeting of stockholders or the director's death or resignation, with pro-rata vesting in case of death or resignation.
• Keith also received 28,063 restricted stock units that vest in three equal installments on July 29, 2025, July 29, 2026, and July 29, 2027, contingent upon continued board service.
• Each restricted stock unit represents a contingent right to receive one share of Alphatec Holdings, Inc.'s common stock.
• Following these transactions, Keith beneficially owns 43,140 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of granting stock to directors, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The director's continued service is incentivized by the vesting schedule 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.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with theirs.

Key Dates