Alta Equipment CLO receives stock unit awards
Hoover Jeffrey Alan reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,692 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 24,956 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
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What did ALTA EQUIPMENT GROUP INC. (ALTG) disclose about Jeffrey Hoover in this Form 4?
What are the vesting terms of Jeffrey Hoover’s performance stock units in ALTG?
When will Jeffrey Hoover’s restricted stock units in ALTG start vesting?
Under which plan were Jeffrey Hoover’s ALTG stock units granted?
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