Karl Sprules - Dec 12, 2023 Form 4 Insider Report for ALLIANCEBERNSTEIN HOLDING L.P. (AB)

Role
Chief Operating Officer
Signature
/s/ Karl Sprules
Stock symbol
AB
Transactions as of
Dec 12, 2023
Transactions value $
$1,575,001
Form type
4
Date filed
12/14/2023, 03:17 PM
Previous filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AB AB Holding Units Award $1.58M +51.5K +141.81% $30.56 87.9K Dec 12, 2023 through rabbi trust under employee incentive compensation award program F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. ("AB Holding Units")
F2 Reporting Person's 2023 long-term incentive compensation award, which was approved by the Section 16 Subcommittee (a committee consisting entirely of independent directors) of the Compensation and Workplace Practices Committee of the Board of Directors as of December 12, 2023, was made in the form of AB Holding Units. Reporting Person therefore may be deemed to have acquired 51,538 AB Holding Units. These AB Holding Units are held in a rabbi trust under AllianceBernstein's incentive compensation award program until they vest and are delivered to the Reporting Person. The award vests, subject to various agreements and covenants set forth in the applicable award agreement, in equal annual increments on each of December 1, 2024, 2025 and 2026.
F3 Closing price of an AB Holding Unit (NYSE: AB) on the date as of which the award was approved and valued (December 12, 2023).