Equitable (EQH) President Lane Nick Exercises Options, Sells Shares

What Happened Lane Nick, President of Equitable Holdings (EQH), exercised 4,417 stock option shares (code M) on 2026-05-15 at an exercise price of $23.18 per share (total exercise cost $102,386) and immediately sold those 4,417 shares in the open market (code S) for aggregate proceeds of $187,486. The exercise/settlement of the derivative is also reported (4,417 shares, derivative disposed at $0.00), indicating conversion of options into common shares that were then sold the same day. Net proceeds (sale minus exercise cost) were roughly $85,100 before taxes and fees.

Key Details

• Transaction date: 2026-05-15.
• Exercise details: 4,417 shares exercised at $23.18 each; total exercise cost reported $102,386. (Grant under 2019 Omnibus Incentive Plan; exempt under Rule 16b-3; vesting began Feb 26, 2020.)
• Sale details: 4,417 shares sold in multiple trades at prices ranging $42.06–$42.79; weighted-average sale price reported $42.45; total sale proceeds $187,486.
• Plan/authorization: Sales and exercise were made pursuant to a Rule 10b5-1 trading plan adopted Sept 18, 2025 (footnote).
• Ownership after transaction: Not specified in the excerpt of the filing provided here.
• Filing timeliness: Report filed 2026-05-18 for a 2026-05-15 transaction — within the Form 4 two-business-day deadline (timely).

Context This was an exercise of previously granted options followed by an immediate sale (a common "cashless" outcome): the options were converted into shares and those shares were sold the same day under a pre-established 10b5-1 plan. The presence of a 10b5-1 plan and the same-day sale indicate the trades were pre-planned; this is routine insider liquidity rather than an isolated open-market purchase. For full holdings and exact post-transaction ownership, consult the complete Form 4 filing (Accession 0001628280-26-036051).