Form 4: AlTi Global Grants Over 500,000 Restricted Stock Units to US Wealth Management President for Retention

AlTi Global, Inc. has granted 504,617.41 restricted stock units to Brooke Connell, President of US Wealth Management, as a one-time retention incentive.

Summary

• Brooke Connell, President of US Wealth Management at AlTi Global, Inc. (ALTI), was granted 504,617.41 Restricted Stock Units (RSUs).
• The transaction date for this grant was June 27, 2025.
• Each RSU represents a contingent right to receive one share of AlTi Global, Inc.'s Class A Common Stock.
• The RSUs were granted at a price of $0 per unit, which is typical for RSU grants.
• Following this transaction, Brooke Connell beneficially owns 504,617.41 derivative securities (RSUs).
• The RSUs are subject to a two-year cliff vest, meaning they will become fully vested on June 27, 2027.
• This grant is explicitly stated as a one-time retention grant of RSUs.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a strategic move to retain a key executive, which is generally beneficial for company stability and long-term performance, despite the minor potential for future dilution.

Positives

• The grant of Restricted Stock Units (RSUs) serves as a retention incentive for a key executive, Brooke Connell, President of US Wealth Management, which can help ensure leadership stability.
• Aligns the interests of the executive with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.

Negatives

• The issuance of RSUs, upon vesting and conversion to common stock, will result in a slight dilution of existing shareholder equity, although this is a common form of executive compensation.

Risks

• The effectiveness of the retention grant is contingent on the executive remaining with the company until the vesting date of June 27, 2027.
• The ultimate value of the RSUs to the executive and their effectiveness as a retention tool are subject to the future performance of AlTi Global, Inc.'s Class A Common Stock price.

Future Outlook

The granted Restricted Stock Units are set to fully vest on June 27, 2027, contingent on the executive's continued employment, serving as a future retention mechanism.

Management Comments

• The grant represents a one-time retention grant of RSUs.

Industry Context

This transaction is a standard executive compensation practice within the financial services industry, particularly for wealth management firms, aimed at retaining key talent in a competitive market.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) with a cliff vesting schedule is a common compensation structure for executive retention across various industries, including financial services.
• The specific number of units granted would typically be benchmarked against similar roles and compensation packages at comparable wealth management firms, though specific comparative data is not provided in this filing.

Stakeholder Impact

• Shareholders: Potential for long-term benefit through executive retention and alignment of interests, balanced against minor future dilution from RSU conversion.
• Employees: Specifically impacts Brooke Connell, providing a significant retention incentive and aligning her financial interests with the company's performance.

Next Steps

• The granted Restricted Stock Units will vest on June 27, 2027, at which point they will convert into Class A Common Stock, subject to the terms of the grant.

Key Dates

Keywords

AlTi Global, ALTI, Restricted Stock Units, RSU, Executive Compensation, Retention Grant, Insider Transaction, Form 4, Wealth Management