Form 4: Booz Allen Hamilton EVP Nancy Laben Reports Acquisition of Restricted Stock Units

Nancy Laben, EVP & Chief Legal Officer of Booz Allen Hamilton, reports the acquisition of restricted stock units under the company's 2023 Equity Incentive Plan.

Summary

• On May 23, 2024, Nancy Laben, EVP & Chief Legal Officer of Booz Allen Hamilton Holding Corp, reported a transaction involving the acquisition of 10,765 shares of Class A Common Stock.
• These shares were acquired through the grant of restricted stock units under the Issuer's 2023 Equity Incentive Plan.
• One-third of these restricted stock units are scheduled to vest on March 31, 2025, 2026, and 2027, contingent upon continued employment.
• Following the reported transaction, Laben beneficially owns 36,789 shares, including restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of restricted stock units is a positive sign of alignment between the executive and the company's long-term goals. There are no immediate negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued employment and commitment from the executive.

Risks

• The value of the restricted stock units is subject to the market price of Booz Allen Hamilton's Class A common stock.
• The executive must remain employed with the company to fully vest in the restricted stock units.

Future Outlook

The executive's continued employment will determine the vesting of the restricted stock units over the next three years.

Industry Context

Equity compensation is a common practice in the consulting industry to attract and retain top talent. This grant of restricted stock units is consistent with industry norms for executive compensation.

Comparison to Industry Standards

• Booz Allen Hamilton's equity compensation practices are generally in line with those of its competitors in the consulting industry, such as Accenture, Deloitte, and McKinsey.
• These firms often use a mix of stock options, restricted stock units, and performance-based equity awards to incentivize executives.
• The specific terms of the equity grants, such as vesting schedules and performance targets, can vary depending on the company and the executive's role.

Stakeholder Impact

• The grant of restricted stock units has a minor positive impact on shareholders by aligning executive compensation with company performance.
• Employees may view this as a positive sign of the company's commitment to its executives.

Key Dates