Equitable (EQH) Insider Form 4: 275.75 RSUs Issued to Nick Lane

Rhea-AI Filing Summary

Equitable Holdings officer Nick Lane received 275.75 restricted stock units (RSUs) on 08/12/2025 as dividend equivalents tied to previously awarded RSUs; these were recorded at $0 price because they represent accrued dividend equivalents rather than a cash purchase. After the issuance, Lane's total beneficial ownership is reported as 139,624.32 shares (total includes RSUs). The filing identifies Lane as an officer (listed in remarks as President of Equitable Financial) and was signed on behalf of Lane by an attorney-in-fact, Michael Brudoley, on 08/14/2025.

Positive

• Reporting of 275.75 RSUs as dividend equivalents increases the officer's stake and maintains parity with shareholders receiving cash dividends.
• Form 4 was properly executed via attorney-in-fact and discloses the reporting person's title as President of Equitable Financial.

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer received accrued dividend-equivalent RSUs, modestly increasing reported beneficial ownership.

The Form 4 reports an automatic issuance of 275.75 RSUs as dividend equivalents related to previously granted restricted stock units. Such dividend-equivalent issuances are routine and non-cash, issued to mirror dividends on underlying shares and vest under the same terms as the original RSUs. The transaction code A and a $0 price reflect issuance rather than open-market activity. The reported total beneficial ownership of 139,624.32 shares includes these RSUs, but the form does not disclose the vesting schedule or proportion of vested vs. unvested awards, limiting deeper assessment of near-term share availability for sale.

Corporate Governance Expert

TL;DR: Disclosure reflects standard executive compensation mechanics; no evidence of unusual insider trading.

The filing shows Nick Lane receiving dividend equivalents credited as RSUs, a common practice to preserve economic parity between cash-dividend recipients and RSU holders. The report correctly identifies Lane as an officer and includes attorney-in-fact signature, meeting procedural disclosure requirements. Material governance implications are limited because the entry documents an accrual event rather than discretionary grants or sales. The absence of additional context (e.g., grant dates, vesting terms) constrains evaluation of retention incentives or short-term dilution impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lane Nick

(Last) (First) (Middle)

C/O EQUITABLE HOLDINGS, INC

1345 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Equitable Holdings, Inc. [ EQH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		A		275.75(1)	A	$0	139,624.32(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividend equivalents accrued on Restricted Stock Units ("RSUs") previously awarded pursuant to Issuer's incentive plan. Dividend equivalents accrue when dividends are paid on the common shares underlying the RSUs, and vest proportionally with and are subject to settlement and expiration upon the same terms as the RSUs to which they relate. Dividend equivalents are issued in the form of RSUs, each of which represents a contingent right to receive one share of common stock.

2. Total includes RSUs.

Remarks:

Reporting person's title is President of Equitable Financial.

	/s/ Michael Brudoley as attorney-in-fact for Nick Lane	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Nick Lane report on the Form 4 for EQH?

Nick Lane reported acquiring 275.75 RSUs as dividend equivalents on 08/12/2025, reflected at a $0 price.

How many shares does Nick Lane beneficially own after the transaction?

The Form 4 reports total beneficial ownership of 139,624.32 shares, which the filing states includes RSUs.

Why is the price listed as $0 on the Form 4?

The price is $0 because the reported items are dividend equivalents issued as RSUs, not cash purchases.

What is Nick Lane's role at Equitable according to the filing?

The filing marks Lane as an Officer and the remarks state his title is President of Equitable Financial.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Michael Brudoley as attorney-in-fact for Nick Lane on 08/14/2025.