Form 4: Equitable Holdings COO Jeffrey Hurd Reports Changes in Beneficial Ownership

Jeffrey Hurd, Chief Operating Officer of Equitable Holdings, reports transactions involving common stock, including the vesting of performance shares and withholding of shares for tax obligations.

Summary

• On February 28, 2025, Jeffrey Hurd, the Chief Operating Officer of Equitable Holdings, Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes include the withholding of 14,560 shares to cover taxes upon the vesting of previous Restricted Stock Unit grants at a price of $55.02.
• Additionally, 51,096 Performance Shares vested, granted under the 2019 Omnibus Incentive Plan, based on performance objectives achieved between January 1, 2022, and December 31, 2024.
• A further 26,085 shares were withheld to cover taxes upon the vesting of these Performance Shares at a price of $55.02.
• Following these transactions, Hurd's total beneficial ownership includes 114,749.49 shares of common stock, including Restricted Stock Units.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. The vesting of performance shares is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of Performance Shares indicates the achievement of certain performance objectives by Equitable Holdings between January 1, 2022, and December 31, 2024.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which are common practices in publicly traded companies.

Stakeholder Impact

• The vesting of performance shares aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates