Pearson Mark 4

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.