Alta Equipment (NYSE: ALTG) CLO granted PSUs and RSUs in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hoover Jeffrey Alan reported acquisition or exercise transactions in this Form 4 filing.
Alta Equipment Group's Chief Legal Officer, Jeffrey Alan Hoover, reported equity awards of company stock. He was granted 15,692 performance stock units and 24,956 restricted stock units, each convertible into one common share. The PSUs were earned on February 27, 2026 and will vest annually over two years, while the RSUs will vest annually over three years, both starting on February 14, 2027, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoover Jeffrey Alan
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,692 | $0.00 | -- |
| Grant/Award | Common Stock | 24,956 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 58,205 shares (Direct)
Footnotes (1)
- The reporting person was granted performance stock units ("PSUs") under the Alta Equipment Group Inc. 2020 Omnibus Incentive Plan. Each PSU represents the right to receive one share of Common Stock. The PSUs were earned on February 27, 2026 and will vest annually over 2 years starting on February 14, 2027, subject to reporting person's continued employment with the Company. The reporting person was granted restricted stock units ("RSUs") under the Alta Equipment Group Inc. 2020 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. The RSUs will vest annually over 3 years starting on February 14, 2027, subject to reporting person's continued employment with the Company.
FAQ
What did ALTA EQUIPMENT GROUP INC. (ALTG) disclose about Jeffrey Hoover in this Form 4?
The filing shows Chief Legal Officer Jeffrey Alan Hoover received equity awards in Alta Equipment Group common stock. He was granted performance stock units and restricted stock units that convert into shares over time, aligning part of his compensation with the company’s long-term performance.
What are the vesting terms of Jeffrey Hoover’s performance stock units in ALTG?
The performance stock units were earned on February 27, 2026 and will vest annually over two years starting on February 14, 2027. Vesting is conditioned on Hoover’s continued employment with Alta Equipment Group throughout the applicable vesting dates specified in the award terms.
When will Jeffrey Hoover’s restricted stock units in ALTG start vesting?
Jeffrey Hoover’s restricted stock units will begin vesting on February 14, 2027 and then vest annually over three years. Each vested restricted stock unit converts into one share of Alta Equipment Group common stock, provided he remains employed by the company through the vesting dates.
Under which plan were Jeffrey Hoover’s ALTG stock units granted?
Both the performance stock units and restricted stock units were granted under the Alta Equipment Group Inc. 2020 Omnibus Incentive Plan. This plan provides equity-based awards that tie executive compensation to company performance and continued service over multi-year vesting periods.