Form 4: Steel Partners Holdings CFO Ryan O'Herrin Receives Restricted Common Units

Ryan O'Herrin, CFO of Steel Partners Holdings L.P., was granted 2,066 restricted common units under the company's incentive plan.

Summary

• On May 13, 2024, Ryan O'Herrin, the Chief Financial Officer of Steel Partners Holdings L.P., acquired 2,066 common units.
• These units were granted as restricted common units under the Issuer's Second Amended and Restated 2018 Incentive Award Plan.
• The restricted common units vest on October 1, 2026, subject to the terms and conditions of the Incentive Award Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of restricted common units aligns the CFO's interests with the long-term performance of the company.
• The vesting date of October 1, 2026, encourages long-term commitment from the CFO.

Future Outlook

The grant of restricted common units is part of the company's long-term incentive plan to retain and motivate key executives.

Industry Context

Granting restricted stock units is a common practice in corporate compensation to align executive interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• Many companies in the financial sector, such as Blackstone and Apollo Global Management, use equity-based compensation to incentivize their executives.
• The vesting period of October 1, 2026, is a fairly standard vesting schedule for restricted stock units, aligning with typical long-term incentive plans.

Stakeholder Impact

• The grant of restricted common units could positively impact shareholders by aligning management's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates