Connell Brooke 4
Research Summary
AI-generated summary
AlTi Global (ALTI) President Connell Brooke Converts RSUs (~70,034.74 Shares)
What Happened
Connell Brooke, President, U.S. Wealth Management at AlTi Global (ALTI), reported conversions/exercises of restricted stock units into Class A common shares on February 15, 2026. The filing shows three conversions (and matching immediate dispositions) for 38,379.02; 8,700.57; and 22,955.15 shares — a total of 70,034.74 shares. Each line is reported at $0.00 per share (total value $0 reported), indicating conversion of RSUs rather than a cash purchase.
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 18, 2026 (appears timely).
- Reported actions: exercise/conversion of derivatives (code M) — each acquisition is immediately followed by a matching disposition of the same number of shares.
- Per-line amounts: 38,379.02; 8,700.57; 22,955.15 shares (aggregate 70,034.74). Price per share reported: $0.00; reported total value: $0.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes:
- F1: Each restricted stock unit (RSU) represents a contingent right to one ALTI Class A share.
- F2–F4: The RSUs vest in three equal annual installments beginning Feb 15 of 2024, 2025, and 2026 (these correspond to the different RSU grants/tranches).
Context
- Transaction code M indicates conversion/exercise of a derivative (here, RSUs converting into common stock). The immediate matching dispositions reported in the filing commonly reflect net settlement or tax-withholding mechanics for vested awards, though the filing does not state the specific reason.
- Because the reported price is $0.00 and no cash proceeds are shown, this was not an open-market cash purchase or a straightforward sale reporting proceeds in this Form 4. If shares were sold in the market for cash, separate sale transactions or additional disclosures would typically appear.