ALLIANCEBERNSTEIN HOLDING LP
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
There were no AB Holding Units sold by AB Holding in the period covered by this report that were not registered under the Securities Act.
Each quarter, AB considers whether to implement a plan to repurchase AB Holding Units pursuant to Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934 ("Exchange Act"). The plan adopted during the second quarter of 2024 expired at the close of business on July 25, 2024. AB may adopt additional plans in the future to engage in open-market purchases of AB Holding Units to help fund anticipated obligations under the firm's incentive compensation award program and for other corporate purposes. See Note 3 to the condensed financial statements contained in Part 1, Item 1.
AB Holding Units bought by us or one of our affiliates during the second quarter of 2024 are as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Numberof AB Holding UnitsPurchased | Average PricePaid PerAB Holding Unit, net ofCommissions | Total Number ofAB Holding Units Purchased asPart of PubliclyAnnounced Plansor Programs | Maximum Number(or ApproximateDollar Value) ofAB Holding Units that May YetBe Purchased Underthe Plans orPrograms |
|---|---|---|---|---|
| 4/1/24 - 4/30/24(1) | 216,309 | $34.42 | — | — |
| 5/1/24 - 5/31/24(2) | 266,931 | 33.62 | — | — |
| 6/1/24 -6/30/24(2) | 373,555 | 33.49 | — | — |
| Total | 856,795 | $33.77 | — | — |
(1)During the second quarter of 2024, AB retained from employees 216,309 AB Holding Units to allow them to fulfill statutory withholding tax requirements at the time of distribution of long-term incentive compensation awards.
(2)During the second quarter of 2024, AB purchased 640,486 AB Holding Units on the open market pursuant to a Rule 10b5-1 plan to help fund anticipated obligations under our incentive compensation award program.
Index
AB Units bought by us or one of our affiliates during thesecond quarter of 2024 are as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Numberof AB UnitsPurchased | Average PricePaid PerAB Unit, net ofCommissions | Total Number ofAB Units Purchased asPart of PubliclyAnnounced Plansor Programs | Maximum Number(or ApproximateDollar Value) ofAB Units that May YetBe Purchased Underthe Plans orPrograms |
|---|---|---|---|---|
| 4/1/24 - 4/30/24 | — | — | — | — |
| 5/1/24 - 5/31/24 | — | — | — | — |
| 6/1/24 -6/30/24(1) | 4,600 | 33.56 | — | — |
| Total | 4,600 | $33.56 | — | — |
(1)During second quarter of 2024, AB purchased 4,600 AB Units in private transactions and retired them.
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