Alta Equipment (NYSE: ALTG) CEO logs stock awards and tax-related sale
Rhea-AI Filing Summary
ALTA EQUIPMENT GROUP INC. Chief Executive Officer and 10% owner Ryan Greenawalt reported equity awards and a related tax sale of common stock. On February 27, 2026, he received 72,832 performance stock units and 115,837 restricted stock units at $0.00 per share under the 2020 Omnibus Incentive Plan. Each unit represents one share of common stock, with the PSUs earned on that date and scheduled to vest annually over two years starting February 14, 2027, and the RSUs vesting annually over three years starting the same date.
On March 3, 2026, Greenawalt executed an open-market sale of 27,986 common shares at a weighted average price of $7.0496 per share, within a range of $7.02 to $7.14. According to the footnotes, this sale was a “sell to cover” transaction to satisfy tax withholding obligations arising from the issuance of vested PSUs and RSUs. Following these transactions, he directly owned 5,721,710 common shares.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,986 | $7.0496 | $197K |
| Grant/Award | Common Stock | 72,832 | $0.00 | -- |
| Grant/Award | Common Stock | 115,837 | $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 $7.02 to $7.14, inclusive.