AllianceBernstein (AB) director awarded 4,397 restricted units vesting through 2029
Rhea-AI Filing Summary
LAMMTENNANT JOAN M reported acquisition or exercise transactions in this Form 4 filing.
ALLIANCEBERNSTEIN HOLDING L.P. director Joan M. LammTennant received a grant of 4,397 AB Holding Units as equity compensation. The grant was approved by the Board of Directors of AllianceBernstein Corporation, the general partner, with each Independent Director recusing from approving his or her own grant.
The restricted AB Holding Units vest and are delivered in three equal 33.33% installments on May 1, 2027, 2028 and 2029, aligning compensation with multi‑year performance. Following this award, LammTennant directly holds 24,875 AB Holding Units. The grant was valued using the closing price of $38.67 per unit on May 20, 2026.
Positive
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Insider Trade Summary
Net Buyer: 4,397 shares
Net Buy
1 txn
Insider
LAMMTENNANT JOAN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | AB Holding Units | 4,397 | $38.67 | $170K |
Holdings After Transaction:
AB Holding Units — 24,875 shares (Direct)
Footnotes (3)
- F1. Units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. ("AB Holding Units").
- F2. The Board of Directors of AllianceBernstein Corporation, general partner of AB Holding, granted 4,397 restricted AB Holding Units to the Reporting Person during a meeting of the Board held on May 20, 2026; each Independent Director recused himself or herself from approving this grant. The AB Holding Units will vest and be delivered in equal 33.33% increments on each of May 1, 2027, 2028 and 2029.
- F3. Closing price of an AB Holding Unit (NYSE: AB) on the grant date (May 20, 2026).
Key Figures
Restricted units granted: 4,397 AB Holding Units
Grant date price: $38.67 per AB Holding Unit
Holdings after grant: 24,875 AB Holding Units
+1 more
4 metrics
Restricted units granted
4,397 AB Holding Units
Equity award to director on May 20, 2026
Grant date price
$38.67 per AB Holding Unit
Closing price on May 20, 2026
Holdings after grant
24,875 AB Holding Units
Direct ownership following transaction
Vesting schedule
33.33% each in 2027, 2028, 2029
Restricted units vest May 1 of each year
Key Terms
restricted AB Holding Units, beneficial ownership, Independent Director, vesting, +1 more
5 terms
restricted AB Holding Units financial
"The Board of Directors ... granted 4,397 restricted AB Holding Units to the Reporting Person"
beneficial ownership financial
"Units representing assignments of beneficial ownership of limited partnership interests"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Independent Director financial
"each Independent Director recused himself or herself from approving this grant"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
vesting financial
"The AB Holding Units will vest and be delivered in equal 33.33% increments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
closing price financial
"Closing price of an AB Holding Unit (NYSE: AB) on the grant date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AllianceBernstein (AB) director Joan M. LammTennant receive in this Form 4?
Joan M. LammTennant received a grant of 4,397 restricted AB Holding Units as equity compensation. These units represent beneficial ownership interests in AllianceBernstein Holding L.P. and increase her direct holdings to 24,875 AB Holding Units after the award.
What is the value reference for the 4,397 AB Holding Units granted to the AllianceBernstein director?
The grant uses the closing price of $38.67 per AB Holding Unit on May 20, 2026 as the reference. This price comes from the New York Stock Exchange listing for AB and is used to value the restricted unit award on the grant date.
How do the granted AB Holding Units to Joan M. LammTennant vest over time?
The 4,397 restricted AB Holding Units vest in three equal 33.33% installments. Vesting and delivery occur on May 1, 2027, May 1, 2028, and May 1, 2029, tying the director’s compensation to AllianceBernstein’s longer-term performance and ongoing service on the board.
How many AllianceBernstein AB Holding Units does the director hold after this transaction?
After the grant, Joan M. LammTennant directly holds 24,875 AB Holding Units. This total includes the newly awarded 4,397 restricted units and reflects her direct ownership position in AllianceBernstein Holding L.P. reported in the Form 4 filing.
Who approved the restricted AB Holding Unit grant reported in AllianceBernstein’s Form 4?
The Board of Directors of AllianceBernstein Corporation, the general partner of AllianceBernstein Holding L.P., approved the grant. Each Independent Director recused himself or herself from approving his or her own grant during the May 20, 2026 board meeting where these awards were authorized.