Pearson Mark 4

What Happened
Mark Pearson, President & CEO of Equitable Holdings (EQH), exercised 27,200 stock options at $23.18/share (cost $630,496) and sold 39,700 shares in open-market transactions on April 20, 2026 for a weighted average price of $41.63, totaling $1,652,640. The filing also reports a disposition of 27,200 shares at $0, which is reported separately in connection with the option exercise.

Key Details

• Transaction date: April 20, 2026 (Form 4 filed April 21, 2026) — timely filing.
• Options exercised: 27,200 shares at $23.18 each; total exercise cost reported $630,496.
• Open-market sale: 39,700 shares at a weighted average $41.63; total proceeds $1,652,640. (Sales executed at prices ranging $41.22–$42.07 per footnote.)
• Disposition at $0 for 27,200 shares recorded (commonly reflects shares withheld for taxes or settlement related to the exercise).
• Transactions were made pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025 (footnote F1).
• Filing notes include previously granted options under the 2019 Omnibus Incentive Plan and holdings that include RSUs and 11,011 ESPP shares (footnotes F2, F4).

Context
This was a same-day exercise of options combined with open-market sales. The separate $0 disposition of the exercised shares is typically how withholding or share-for-share settlement is reported and does not necessarily reflect an additional market sale. Sales under a 10b5-1 plan are prearranged and are often routine liquidity events rather than a real-time signal of sentiment.