Form 4: AlTi Global, Inc. Executive Nancy Ann Curtin Reports Acquisition of Restricted Stock Units

Nancy Ann Curtin, Chief Investment Officer of AlTi Global, Inc., reports the acquisition of restricted stock units and performance restricted stock units.

Summary

• On June 4, 2024, Nancy Ann Curtin, Chief Investment Officer of AlTi Global, Inc., reported the acquisition of 28,475 restricted stock units (RSUs).
• These RSUs vest in three equal annual installments starting February 15, 2025.
• On June 5, 2024, Curtin also reported the acquisition of 96,580.99 performance restricted stock units (PRSUs).
• 33.33% of the PRSUs are eligible to vest at the end of each of three annual performance periods beginning March 31, 2025, contingent on continued service and the company's Class A Common Stock total shareholder return exceeding certain thresholds.
• The maximum number of PRSUs that may vest over three years is 193,161.98, which is 200% of the target number.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting standard executive compensation practices.

Positives

• The vesting of PRSUs is tied to the company's Class A Common Stock total shareholder return, aligning executive compensation with shareholder value.

Risks

• The vesting of PRSUs is contingent on the reporting person's continued service with the company, creating a potential risk if the reporting person leaves the company before the vesting dates.

Future Outlook

The vesting of the PRSUs is dependent on the company's future performance, specifically the total shareholder return of its Class A Common Stock.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future prospects.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
• The vesting schedules and performance metrics associated with the RSUs and PRSUs are typical components of executive compensation packages.
• Companies like Blackstone and Apollo Global Management also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The acquisition of RSUs and PRSUs by a company executive can be viewed positively by shareholders as it aligns management's interests with the company's performance.

Key Dates