Pearson Mark 4
4 · Equitable Holdings, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Equitable Holdings CEO Mark Pearson Sells Shares, Exercises Options
What Happened
Mark Pearson, President and CEO of Equitable Holdings (EQH), exercised 27,200 stock options on June 18, 2026 at $23.18 per share (cash cost ≈ $630,496). The filing also reports a disposition of 27,200 derivative shares at $0 (see Context). Separately the reporting person sold 39,700 shares in the open market on June 18, 2026 for a weighted‑average price of $45.28, generating proceeds of approximately $1,797,814. The sales and option exercise were effected under a Rule 10b5‑1 trading plan.
Key Details
- Transaction date: June 18, 2026 (Form filed June 23, 2026).
- Options exercised: 27,200 shares @ $23.18 = $630,496 (Acquired).
- Derivative disposition: 27,200 shares @ $0 = $0 (labeled as a derivative disposition in the filing).
- Open‑market sale: 39,700 shares @ weighted avg $45.28 = $1,797,814 (executed in multiple trades at $45.10–$45.69 per F3).
- Shares owned after transaction: Not specified in the provided excerpt; filing notes holdings include Restricted Stock Units and 11,011 ESPP shares (F2).
- Footnotes: Transactions under a Rule 10b5‑1 plan adopted May 16, 2025 (F1); options granted under the 2019 Omnibus Incentive Plan and vested beginning Feb 26, 2021 (F4).
- Filing timeliness: The Form 4 was filed June 23 for June 18 transactions — later than the typical two business‑day reporting window.
Context
The filing shows both an option exercise and a matching disposition of the same number of shares at $0, which typically reflects net share settlement or shares withheld to cover exercise costs/taxes rather than a market sale. The open‑market sale was executed under a prearranged 10b5‑1 plan. Sales by executives can be routine (taxes, diversification, preplanned plans); purchases often carry stronger signals about insider conviction. This summary is factual and does not speculate on motivations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-18$23.18/sh+27,200$630,496→ 805,602.718 total - Sale
Common Stock
[F1][F3][F2]2026-06-18$45.28/sh−39,700$1,797,814→ 765,902.718 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F4]2026-06-18−27,200→ 27,200 totalExercise: $23.18Exp: 2030-02-26→ Common Stock (27,200 underlying)
Footnotes (4)
- [F1]The sales reported and options exercised on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.
- [F2]Includes Restricted Stock Units and 11,011 shares acquired under the Employee Stock Purchase Plan.
- [F3]This transaction was executed in multiple trades at prices ranging from $45.1000 to $45.6900. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.
- [F4]Grant of employee stock option under the Issuer's 2019 Omnibus Incentive Plan exempt under Rule 16b-3. The options vested in three installments beginning on February 26, 2021.