Alta Equipment (NYSE: ALTG) CFO gets stock units and sells shares
Rhea-AI Filing Summary
Alta Equipment Group Chief Financial Officer Anthony Colucci reported a mix of equity awards and a related tax sale of common stock. He received two grants under the 2020 Omnibus Incentive Plan: 10,595 performance stock units (PSUs) and 16,849 restricted stock units (RSUs), each representing one share of common stock at no purchase price. The PSUs were earned on February 27, 2026 and will vest annually over two years starting on February 14, 2027, while the RSUs will vest annually over three years starting on the same date, in each case contingent on his continued employment. To cover tax withholding obligations from the issuance of vested PSUs and RSUs, he executed an open-market sale of 8,137 shares at a weighted average price of $7.0517 per share, with trades occurring between $7.05 and $7.07. Following these transactions, Colucci directly owns 240,750 shares of Alta Equipment common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,137 | $7.0517 | $57K |
| Grant/Award | Common Stock | 10,595 | $0.00 | -- |
| Grant/Award | Common Stock | 16,849 | $0.00 | -- |
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. The shares sold relate to a "sell to cover" transaction to pay tax withholding obligations on the issuance of vested PSUs and RSUs in accordance with the Company's 2020 Omnibus Incentive Plan. The price reported in Column 4 reflects a weighted average price. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth below. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.05 to $7.07, inclusive.