Form 4: Emerald Holding Director Michael Alicea Acquires Shares Through Restricted Stock Unit Award

Director Michael Alicea acquired 24,213 shares of Emerald Holding, Inc. through a restricted stock unit award, increasing his total holdings to 121,854 shares.

Summary

• On February 26, 2025, Michael Alicea, a director of Emerald Holding, Inc., acquired 24,213 shares of common stock through a restricted stock unit (RSU) award.
• The RSUs vest on February 26, 2026, contingent upon continued service on the board of directors.
• Vested RSUs will be settled in shares of common stock within 15 days of the vesting date.
• In the event of a change in control and relief of service, all unvested RSUs will become fully vested.
• Following the transaction, Alicea's total beneficial ownership in Emerald Holding, Inc. is 121,854 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice that aligns director interests with shareholders. There are no immediate negative implications.

Positives

• The RSU award aligns the director's interests with those of the shareholders, incentivizing continued service and performance.
• The vesting conditions encourage long-term commitment to the company.

Future Outlook

The vesting of the RSUs is contingent upon continued service, suggesting an expectation of Alicea's ongoing involvement with Emerald Holding, Inc.

Industry Context

Stock awards to directors are a common practice to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with equity awards like RSUs being a standard component.
• The vesting period of one year is fairly typical for RSU grants to directors.
• The change in control provision is also a common feature, providing accelerated vesting in the event of a company sale.

Stakeholder Impact

• Shareholders may view the RSU award positively as it aligns the director's interests with long-term company performance.
• Employees may see it as a sign of stability and commitment from the board.

Key Dates