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

Director Michael Alicea acquired 15,175 shares of Emerald Holding, Inc. through a restricted stock unit award on February 27, 2024.

Summary

• On February 27, 2024, Michael Alicea, a director of Emerald Holding, Inc., acquired 15,175 shares of common stock through a restricted stock unit (RSU) award.
• The RSUs vest on February 27, 2025, 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 from the board of directors before the vesting date, all unvested RSUs will fully vest.
• Following the transaction, Alicea directly owns 97,641 shares of Emerald Holding, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock units will vest on February 27, 2025, subject to continued service on the board of directors. Vested restricted stock units will be settled in shares of common stock no later than 15 days after such vesting date.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders, as it aligns the director's interests with those of the shareholders.

Key Dates