Equitable Holdings (EQH) CAO awarded 58.58 RSU dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eckert William James IV reported acquisition or exercise transactions in this Form 4 filing.
Equitable Holdings Chief Accounting Officer William James Eckert IV received a grant of 58.58 shares of Common Stock at no cost, credited as dividend equivalents on previously awarded Restricted Stock Units under the company’s incentive plan. Following this award, he directly holds 22,805.7956 shares of Common Stock, including RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Eckert William James IV
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58.58 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,805.796 shares (Direct)
Footnotes (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. Total includes RSUs.
FAQ
What insider transaction did Equitable Holdings (EQH) report for William James Eckert IV?
Equitable Holdings reported that Chief Accounting Officer William James Eckert IV received 58.58 shares of Common Stock as a grant. These shares represent dividend equivalents credited on existing Restricted Stock Units under the company’s incentive plan and were acquired at no cash cost.
Was the Equitable Holdings (EQH) transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market purchase. Eckert received 58.58 Common Stock shares as dividend equivalents on previously awarded Restricted Stock Units, reflecting accruals when dividends are paid on the underlying common shares, at a reported price of $0.00 per share.
What are dividend equivalents on RSUs in the Equitable Holdings (EQH) filing?
Dividend equivalents on RSUs are additional RSUs that accrue when dividends are paid on the underlying common shares. In this case, 58.58 RSUs were credited, vesting proportionally and settling on the same terms as the original RSUs, with each RSU representing one share of Common Stock.
Does the Equitable Holdings (EQH) Form 4 involve any derivative securities or option exercises?
The Form 4 does not report any derivative security transactions or option exercises. It only records a non-derivative acquisition of 58.58 Common Stock shares in the form of dividend equivalent Restricted Stock Units, with no derivative positions listed in the derivative holdings summary section.