Director at AllianceBernstein (NYSE: AB) receives 4,397 restricted units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stonehill Charles G.T. reported acquisition or exercise transactions in this Form 4 filing.
AllianceBernstein Holding L.P. director Charles G.T. Stonehill received a grant of 4,397 restricted AB Holding Units on May 20, 2026, valued at $38.67 per unit. His direct holdings increased to 29,573 AB Holding Units. The grant vests in three equal 33.33% installments on May 1 of 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stonehill Charles G.T.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | AB Holding Units | 4,397 | $38.67 | $170K |
Holdings After Transaction:
AB Holding Units — 29,573 shares (Direct, null)
Footnotes (1)
- Units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. ("AB Holding Units"). 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. Closing price of an AB Holding Unit (NYSE: AB) on the grant date (May 20, 2026).
Key Figures
Restricted units granted: 4,397 units
Grant-date price: $38.67 per unit
Holdings after grant: 29,573 units
+3 more
6 metrics
Restricted units granted
4,397 units
AB Holding Units grant on May 20, 2026
Grant-date price
$38.67 per unit
Closing price on May 20, 2026
Holdings after grant
29,573 units
Total AB Holding Units directly held post-transaction
First vesting date
33.33% on May 1, 2027
Initial installment of restricted unit vesting
Second vesting date
33.33% on May 1, 2028
Second installment of restricted unit vesting
Final vesting date
33.33% on May 1, 2029
Final installment of restricted unit vesting
Key Terms
restricted AB Holding Units, Independent Director, vesting, closing price
4 terms
restricted AB Holding Units financial
"granted 4,397 restricted AB Holding Units to the Reporting Person"
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"
FAQ
What insider transaction did AllianceBernstein (AB) director Charles G.T. Stonehill report?
Charles G.T. Stonehill reported receiving a grant of 4,397 restricted AB Holding Units. The award was approved by the Board of Directors and represents stock-based compensation rather than an open-market purchase or sale, increasing his direct ownership position in AB Holding Units.
What was the grant-date value of the AB Holding Units awarded to the AllianceBernstein director?
The 4,397 AB Holding Units were valued at $38.67 per unit on the May 20, 2026 grant date. This price reflects the NYSE closing price for an AB Holding Unit that day, as disclosed in the Form 4 footnotes for the reported transaction.
How does the new grant affect Charles Stonehill’s total AB Holding Units?
Following the grant, Charles G.T. Stonehill directly holds 29,573 AB Holding Units. The transaction increased his stake through restricted units awarded as director compensation, as opposed to buying units on the market or disposing of existing holdings reported in this Form 4 filing.
What is the vesting schedule for the restricted AB Holding Units granted to the AllianceBernstein director?
The 4,397 restricted AB Holding Units vest in three equal 33.33% installments on May 1, 2027, May 1, 2028 and May 1, 2029. Units are delivered upon vesting, tying the director’s compensation to AllianceBernstein’s long-term performance and continued board service.
Who approved the restricted AB Holding Units grant to the AllianceBernstein director?
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 this specific grant, as disclosed in the Form 4 footnotes describing the award’s approval process.