ALTA EQUIPMENT GROUP INC.·4/A

Mar 25, 4:30 PM ET

Hoover Jeffrey Alan 4/A

Research Summary

AI-generated summary

Updated

Alta Equipment (ALTG) CLO Jeffrey Hoover Receives Award

What Happened
Jeffrey Alan Hoover, Chief Legal Officer of Alta Equipment Group Inc. (ALTG), was granted 17,261 performance stock units (PSUs) on February 27, 2026. Each PSU represents the right to receive one share of common stock; no cash was exchanged at grant (price N/A). The PSUs were earned based on performance and will vest annually over two years beginning February 14, 2027, subject to Hoover’s continued employment. This filing is an amendment: the original Form 4 (filed March 3, 2026) incorrectly reported 15,692 PSUs; the corrected grant total is 17,261.

Key Details

  • Transaction date: 2026-02-27 — Grant/Award (code A) of 17,261 PSUs
  • Price: N/A (award); PSUs convert to one share each when settled
  • Vesting: Earned 2/27/2026; vests annually over 2 years starting 2/14/2027, subject to continued employment
  • Amendment: Filed 3/25/2026 to correct PSU count from 15,692 to 17,261 based on final performance results
  • Shares owned after transaction: Not specified in this amended Form 4

Context
PSUs are performance-based equity awards that do not involve an immediate purchase or sale of stock and typically vest over time (here, contingent on continued employment). This is an award/grant disclosure rather than an open-market purchase or sale, so it indicates compensation/long-term incentive rather than a direct market bet by the insider.