Form 4: Booz Allen Hamilton Executive Vice President Richard Crowe Reports Acquisition of Restricted Stock Units

Executive Vice President Richard Crowe reports the acquisition of 13,259 restricted stock units of Booz Allen Hamilton Holding Corp.

Summary

• Richard Crowe, an Executive Vice President at Booz Allen Hamilton Holding Corp, filed a Form 4.
• The filing reports a transaction on May 23, 2024, where Crowe acquired 13,259 shares of Class A Common Stock in the form of restricted stock units.
• These restricted stock units were granted under the Issuer's 2023 Equity Incentive Plan and are exempt under Rule 16b-3.
• One-third of the restricted stock units are scheduled to vest on each of March 31, 2025, 2026 and 2027, subject to Crowe's continued employment.
• Following the reported transaction, Crowe beneficially owns 30,745 shares, including restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it suggests confidence in the executive's continued contribution.

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 to fully vest the restricted stock units.

Future Outlook

The document outlines the vesting schedule for the restricted stock units, indicating future dates for potential stock ownership changes.

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 incentivizing executives.

Comparison to Industry Standards

• Booz Allen Hamilton's equity incentive plan is similar to those offered by other large consulting firms such as McKinsey, Boston Consulting Group, and Deloitte, which often include restricted stock units or stock options as part of their compensation packages.
• The vesting schedule of one-third per year over three years is a standard vesting period in the industry, aligning with typical performance evaluation cycles and retention goals.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it aligns executive compensation with company performance.
• Employees may see this as a positive sign of investment in leadership and a commitment to long-term growth.

Key Dates