Form 4: Equitable Holdings Chief Legal Officer Reports Stock Transactions Following Vesting of Performance Shares
SEC Form 4 Filing
Jose Ramon Gonzalez, Chief Legal Officer of Equitable Holdings, reports the acquisition and disposal of company stock related to the vesting of performance shares and tax obligations.
Summary
- On February 28, 2025, Jose Ramon Gonzalez, Chief Legal Officer of Equitable Holdings, engaged in transactions involving Equitable Holdings common stock.
- 7,658 shares were withheld to cover taxes upon the vesting of previous Restricted Stock Unit grants at a price of $55.02.
- 30,658 Performance Shares vested, granted under the 2019 Omnibus Incentive Plan, based on performance objectives from January 1, 2022, through December 31, 2024.
- 15,651 shares were withheld to cover taxes upon the vesting of these Performance Shares at a price of $55.02.
- Following these transactions, Gonzalez beneficially owns 90,795.91 shares of Equitable Holdings common stock, which includes Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation and tax practices.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the Chief Legal Officer, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted performance-based compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-01-01 | Start date of the performance period for the Performance Shares. |
| 2024-12-31 | End date of the performance period for the Performance Shares. |
| 2025-02-28 | Date of the stock transactions (vesting and tax withholding). |
| 2025-03-04 | Date of signature on the Form 4 filing. |
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