Form 4: Alphatec Holdings EVP, People & Culture, Craig E. Hunsaker, Reports Acquisition of Restricted Stock Units

Craig E. Hunsaker, EVP, People & Culture at Alphatec Holdings, reports the acquisition of 21,751 restricted stock units (RSUs) as part of an employee salary conversion plan.

Summary

• On April 2, 2025, Craig E. Hunsaker, EVP, People & Culture at Alphatec Holdings, filed a Form 4.
• The report details the acquisition of 21,751 restricted stock units (RSUs) on April 1, 2025, as part of an employee salary conversion plan.
• These RSUs were granted in lieu of a percentage of Hunsaker's cash salary for the period between March 31, 2025, and December 21, 2025.
• Each RSU represents the contingent right to receive one share of Alphatec Holdings' common stock, pending stockholder approval of an amendment to the 2016 Equity Incentive Plan.
• The RSUs will vest in two equal installments on August 5, 2025, and December 5, 2025.
• The salary to RSU conversion price is based on the closing price of Alphatec's common stock as of March 31, 2025.
• Following the reported transaction, Hunsaker beneficially owns 1,650,018 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The RSU grant is a positive sign of incentivization, but it's contingent on shareholder approval.

Positives

• The employee salary conversion plan may be seen as a positive initiative to align employee interests with those of the company's shareholders.
• Hunsaker's increased stake in the company could signal confidence in Alphatec's future performance.

Risks

• The issuance of shares underlying the RSUs is contingent on stockholder approval of an amendment to the 2016 Equity Incentive Plan, which may not be guaranteed.
• The value of the RSUs is subject to the volatility of Alphatec's stock price.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting of RSUs implies continued employment and contribution to the company.

Industry Context

This type of equity compensation is common in the industry to incentivize executives and align their interests with shareholders. It's a standard practice for companies like Alphatec to use RSUs as part of their compensation packages.

Comparison to Industry Standards

• Companies like Medtronic, Stryker, and Nuvasive also utilize RSU grants as part of their executive compensation packages.
• The vesting schedules and terms of these grants are generally comparable across the industry, with vesting periods typically ranging from two to four years.
• The size of the grant relative to salary is also a common metric for comparison, but specific details would require further analysis of Alphatec's compensation structure.

Stakeholder Impact

• Shareholders may view the employee salary conversion plan as a positive step towards aligning employee interests with company performance.
• Employees participating in the plan may be incentivized to contribute to the company's success due to their increased equity stake.

Next Steps

• Stockholder approval of an amendment to the 2016 Equity Incentive Plan is required for the issuance of shares underlying the RSUs.
• The RSUs will vest in two equal installments on August 5, 2025, and December 5, 2025.

Key Dates

Keywords

Alphatec Holdings, ATEC, Craig E. Hunsaker, Restricted Stock Units, RSUs, Employee Salary Conversion Plan, Beneficial Ownership, Form 4, Equity Incentive Plan