Form 4: Equitable Holdings Executive Seth Bernstein Reports Changes in Beneficial Ownership

Seth Bernstein, Head of Investment Management and Research at Equitable Holdings, reports the acquisition of common stock and adjustments to holdings of Restricted Stock Units (RSUs) due to dividend equivalents.

Summary

• On March 4, 2024, Seth Bernstein, Head of Investment Management and Research at Equitable Holdings, reported changes in beneficial ownership.
• Bernstein acquired 150.38 shares of common stock due to dividend equivalents accrued on previously awarded Restricted Stock Units (RSUs).
• These dividend equivalents were issued in the form of RSUs, each representing a contingent right to receive one share of common stock.
• The total number of securities beneficially owned following the reported transaction is 118,477.97, which includes Restricted Stock Units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to the return of value to RSU holders through dividend equivalents.

Positives

• The acquisition of shares through dividend equivalents indicates a return of value to RSU holders.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates