Alta Equipment (ALTG) CLO granted 17,261 performance stock units
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Hoover Jeffrey Alan reported acquisition or exercise transactions in this Form 4 filing.
ALTA EQUIPMENT GROUP INC. Chief Legal Officer Jeffrey Alan Hoover reported an equity compensation award. He was granted 17,261 performance stock units under the company’s 2020 Omnibus Incentive Plan, with each unit representing one share of common stock. The units were earned on February 27, 2026 and will vest annually over two years starting on February 14, 2027, contingent on his continued employment. Following this award, Hoover directly holds 84,730 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoover Jeffrey Alan
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,261 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,730 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ALTG’s Chief Legal Officer report on this Form 4/A?
Jeffrey Alan Hoover, ALTG’s Chief Legal Officer, reported receiving an equity compensation award of 17,261 performance stock units. The award was granted under Alta Equipment Group Inc.’s 2020 Omnibus Incentive Plan and represents potential delivery of an equal number of common shares.
When do Jeffrey Hoover’s 17,261 ALTG performance stock units vest?
The performance stock units were earned on February 27, 2026 and will vest annually over two years beginning on February 14, 2027. Vesting is conditioned on Hoover’s continued employment with Alta Equipment Group Inc. through the applicable vesting dates specified in the grant.
What plan governs the performance stock unit grant reported by ALTG’s CLO?
The 17,261 performance stock units granted to Jeffrey Hoover were issued under the Alta Equipment Group Inc. 2020 Omnibus Incentive Plan. This plan provides for stock-based compensation awards, including performance stock units that convert into common shares upon meeting vesting and employment conditions.