Form 4: Emerald Holding's General Counsel, Sara Altschul, Receives Restricted Stock Units
SEC Form 4 Filing
Sara Altschul, General Counsel of Emerald Holding, Inc., was granted 106,337 restricted stock units (RSUs) that will vest over three years.
Summary
- On February 26, 2025, Sara Altschul, General Counsel of Emerald Holding, Inc., received an award of 106,337 restricted stock units (RSUs).
- These RSUs will vest in three tranches: 34% on January 7, 2026, 33% on January 7, 2027, and 33% on January 7, 2028, subject to continued employment.
- Vested RSUs will be settled in shares of common stock after each vesting date.
- Full vesting will occur upon a Change in Control, and partial acceleration may apply in certain involuntary termination scenarios.
Sentiment
Score: 7
Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.
Positives
- The grant of RSUs aligns Sara Altschul's interests with those of the shareholders, incentivizing her to contribute to the company's long-term success.
- The vesting schedule encourages continued employment and commitment to Emerald Holding, Inc.
Risks
- The value of the RSUs is dependent on the future performance of Emerald Holding, Inc.'s stock.
- If Sara Altschul's employment is terminated before the vesting dates, she may forfeit some or all of the RSUs, unless a Change in Control or involuntary termination event occurs.
Future Outlook
The RSUs will vest over the next three years, subject to continued employment, and will be settled in shares of common stock.
Industry Context
Granting equity compensation to key executives is a common practice to align their interests with those of shareholders and incentivize long-term performance.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it incentivizes the General Counsel to contribute to the company's success.
- Employees may see the RSU grant as a sign of the company's commitment to its leadership team.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Sara Altschul receives restricted stock units. |
| 01/07/2026 | First vesting date: 34% of the restricted stock units vest. |
| 01/07/2027 | Second vesting date: 33% of the restricted stock units vest. |
| 01/07/2028 | Third vesting date: 33% of the restricted stock units vest. |
| 02/28/2025 | Date of signature. |
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