Pearson Mark 4

What Happened
Mark Pearson, President, CEO and a director of Equitable Holdings (EQH), exercised 27,200 option shares at $23.18 per share (cost/value reported $630,496) on January 20, 2026. On the same date he disposed of shares in three transactions: 33,838 shares at a weighted average $46.11 ($1,560,131), 5,862 shares at a weighted average $46.77 ($274,166), and the 27,200 shares tied to the option exercise (reported at $23.18, $630,496). Total reported proceeds from the sales sum to about $2.46 million. These transactions were reported on Form 4 filed January 21, 2026.

Key Details

• Transaction date: January 20, 2026; Form 4 filed January 21, 2026 (timely filing).
• Option exercise (code M): 27,200 shares at $23.18 (reported value $630,496).
• Open-market sales (code S): 33,838 shares at $46.11 ($1,560,131) and 5,862 shares at $46.77 ($274,166). One disposal line also reports the 27,200 exercised shares as a disposition.
• Sales executed in multiple trades; prices ranged from $45.6350 to $46.9600 across transactions (weighted averages reported; reporting person offers to provide per-trade details on request — F3/F4).
• Transactions were effected under a Rule 10b5-1 trading plan adopted May 16, 2025 (F1).
• Filing notes other holdings include Restricted Stock Units and 11,011 shares from the Employee Stock Purchase Plan (F2). The filing does not state total shares owned after these transactions.

Context
The pattern here shows an option exercise followed by immediate sales of shares (a cashless exercise / sell-to-cover style transaction is consistent with the reported acquisition and disposition of the same 27,200 shares). Trades were executed under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares on a preset schedule and is generally considered routine. This Form 4 is factual reporting of insider activity and does not, by itself, indicate the insider’s private view of the company.