Form 4: Equitable Holdings Executive Seth Bernstein Reports Stock Transactions

Seth Bernstein, Head of Investment Management and Research at Equitable Holdings, reports the acquisition and disposal of company stock related to vesting of restricted stock units and performance shares.

Summary

• On February 28, 2024, Seth Bernstein, Head of Investment Management and Research at Equitable Holdings, reported transactions involving Equitable Holdings common stock.
• 5,081 shares were disposed of to cover taxes upon the vesting of previous Restricted Stock Unit grants at a price of $34.18 per share.
• 8,468 Performance Shares vested, which were granted pursuant to the registrant's 2019 Omnibus Incentive Plan, based on performance objectives achieved from January 1, 2021, through December 31, 2023.
• 3,413 shares were withheld to cover taxes upon the vesting of these Performance Shares at a price of $34.18 per share.
• Following these transactions, Bernstein beneficially owns 118,327.59 shares of Equitable Holdings common stock, including Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of Performance Shares indicates that the company met certain performance objectives during the period from January 1, 2021, to December 31, 2023.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates