AllianceBernstein (AB) grants 65,678 AB Holding Units to executive Onur Erzan as 2025 incentive
Rhea-AI Filing Summary
AllianceBernstein Holding L.P. executive Onur Erzan reported an equity incentive award on Form 4. On December 10, 2025, Erzan was granted 65,678 AB Holding Units as his 2025 long-term incentive compensation award, approved by the Compensation and Workplace Practices Committee. The units were valued using the closing price of an AB Holding Unit of $41.11 on that date. These AB Holding Units are held in a rabbi trust under AllianceBernstein’s incentive compensation award program until they vest and are delivered to him. The award vests in three equal annual installments on December 1, 2026, 2027, and 2028. Following this award, Erzan beneficially owns 275,663 AB Holding Units indirectly through the rabbi trust.
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FAQ
What did AllianceBernstein (AB) report in this Form 4 filing?
The filing reports that executive officer Onur Erzan received a 2025 long-term incentive compensation award consisting of 65,678 AB Holding Units on December 10, 2025.
What are the AB Holding Units granted to Onur Erzan?
The units represent assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P., referred to as AB Holding Units.
How and when do Onur Erzan’s 65,678 AB Holding Units vest?
The 65,678 AB Holding Units vest, subject to the applicable agreements and covenants, in equal annual increments on December 1, 2026, 2027, and 2028.
Where are the awarded AB Holding Units held until vesting?
The AB Holding Units are held in a rabbi trust under AllianceBernstein’s incentive compensation award program until they vest and are delivered to Onur Erzan.
What price was used to value the AB Holding Units granted to Onur Erzan?
The award was valued using the closing price of an AB Holding Unit of $41.11 on December 10, 2025, the date the award was approved and valued.
How many AB Holding Units does Onur Erzan beneficially own after this award?
After the reported transaction, Onur Erzan beneficially owns 275,663 AB Holding Units, held indirectly by a rabbi trust under AllianceBernstein’s employee incentive compensation programs.
What is Onur Erzan’s role at AllianceBernstein (AB)?
Onur Erzan is an officer of AllianceBernstein Holding L.P., serving as Head, Global Client Group & Private Wealth, as indicated in the filing.