Form 4: Alphatec Holdings Director Ward W. Woods Jr. Receives Restricted Stock Units

Director Ward W. Woods Jr. of Alphatec Holdings, Inc. was granted 16,747 restricted stock units on June 12, 2024.

Summary

• On June 12, 2024, Alphatec Holdings, Inc. granted Ward W. Woods Jr., 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 to the date of death or resignation, divided by 365.
• Following the transaction, Woods directly owns 139,160 shares of common stock and indirectly owns 2,056,311 shares through The Woods 1994 Family Partnership, LP.

Sentiment

Score: 7

Explanation: The document indicates a standard compensation practice, suggesting 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.
• Pro-rata vesting in the event of death or resignation ensures fair compensation for the period of service.

Future Outlook

The restricted stock units will vest upon the earlier of the next annual meeting of stockholders or the death or resignation of the reporting person.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the healthcare industry, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of compensation packages for directors in publicly traded companies, particularly in growth-oriented sectors like medical technology.
• Companies such as Medtronic, Stryker, and Johnson & Johnson also utilize stock-based compensation to incentivize their directors and key employees.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and increased shareholder value.

Key Dates