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Equitable Holdings, Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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FY2025 · Filed Feb 25, 2026

EQH$55.41+5.2%Stored close · as of Nov 9, 2026

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Contents

Index to Exhibits

Exhibit NumberExhibit Description
3.1Third Amended and Restated Certificate of Incorporation of Equitable Holdings, Inc., effective May 21, 2025 (incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed on May 28, 2025).
3.2Equitable Holdings, Inc. Seventh Amended and Restated By-laws, effective May 21, 2025 (incorporated by reference to Exhibit 3.3 to our Current Report on Form 8-K, filed on May 28, 2025).
3.3Certificate of Designations with respect to the Series A Preferred Stock of the Company, dated November 21, 2019 (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed on November 21, 2019).
3.5Certificate of Designation with respect to the Series C Preferred Stock of the Company, dated January 6, 2021 (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed on January 6, 2021).
4.1Form of Common Stock Certificate (incorporated by reference to Exhibit 4.1 to our Registration Statement on Form S-1, File No. 333-221521 (the “IPO Form S-1”)).
4.2Indenture, dated as of December 1, 1993 from AXA Financial, Inc. to The Bank of NY Mellon Trust Company, N.A. (formerly known as Chemical Bank), as Trustee (incorporated by reference to Exhibit 4.2 to the IPO Form S-1).
4.3Fourth Supplemental Indenture, dated April 1, 1998, from AXA Financial, Inc. to The Chase Manhattan Bank (formerly known as Chemical Bank), as Trustee, together with forms of global Senior Note and global Senior Indenture (incorporated by reference to Exhibit 4.3 to the IPO Form S-1).
4.4Fifth Supplemental Indenture, dated October 1, 2018, among AXA Equitable Holdings, Inc. AXA Financial, Inc. and The Bank of NY Mellon Trust Company, N.A., as Trustee (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K, filed on October 1, 2018).
4.5Indenture, dated as of April 20, 2018, among AXA Equitable Holdings, Inc., as issuer, Wilmington Saving Fund Society, FSB, as trustee, and Citibank, N.A., as security registrar and paying agent (incorporated by reference to Exhibit 4.4 to the IPO Form S-1).
4.6First Supplemental Indenture, dated as of April 20, 2018, among AXA Equitable Holdings, Inc., as issuer, Wilmington Saving Fund Society, FSB, as trustee, and Citibank, N.A., as security registrar and paying agent (incorporated by reference to Exhibit 4.5 to the IPO Form S-1).
4.7Second Supplemental Indenture, dated as of April 20, 2018, among AXA Equitable Holdings, Inc., as issuer, Wilmington Saving Fund Society, FSB, as trustee, and Citibank, N.A., as security registrar and paying agent (incorporated by reference to Exhibit 4.6 to the IPO Form S-1).
4.8Third Supplemental Indenture, dated as of April 20, 2018, among AXA Equitable Holdings, Inc., as issuer, Wilmington Saving Fund Society, FSB, as trustee, and Citibank, N.A., as security registrar and paying agent (incorporated by reference to Exhibit 4.7 to the IPO Form S-1).
4.10Indenture, dated as of April 5, 2019, between Equitable Holdings, Inc., as issuer, and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.4 to our Registration Statement on Form S-3ASR filed on November 20, 2019).
4.11Third Supplemental Indenture, dated January 11, 2023, between Equitable Holdings, Inc., as issuer, and The Bank of New York Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K, filed on January 11, 2023).
4.12Junior Subordinated Indenture, dated as of September 18, 2024, between Equitable Holdings, Inc. and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.8 to our Registration Statement on Form S-3 filed on September 19, 2024).
4.13First Supplemental Indenture, dated as of March 26, 2025, by and between Equitable Holdings, Inc., as issuer, and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.1 of our Current Report on form 8-K, filed March 26, 2025).
4.14Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.12 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed on February 26, 2024).
4.16Form of Junior Subordinated Debt Security (included as Exhibit A to Exhibit 4.15 above (incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed on March 26, 2025).
4.17Form of Senior Note (included as Exhibit A to Exhibit 4.1) (incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed on January 11, 2023).
10.1Master Agreement, dated as of April 10, 2013, by and among AXA Equitable Financial Services, LLC, AXA Financial, Inc. and Protective Life Insurance Company (incorporated by reference to Exhibit 10.5 to the IPO Form S-1).
10.2†Employment Agreement, dated as of March 9, 2011, by and between AXA Financial, Inc. and Mark Pearson (incorporated by reference to Exhibit 10.7 to the IPO Form S-1).
10.2.1†Letter Agreement, dated February 19, 2013, between AXA Financial, Inc., AXA Equitable Life Insurance Company and Mark Pearson (incorporated by reference to Exhibit 10.7.1 to the IPO Form S-1).
10.2.2†Letter Agreement, dated May 14, 2015, between AXA Financial, Inc., AXA Equitable Life Insurance Company and Mark Pearson (incorporated by reference to Exhibit 10.7.2 to the IPO Form S-1).
10.2.3†Letter Agreement, dated February 27, 2019, between AXA Equitable Holdings, Inc., AXA Equitable Life Insurance Company and Mark Pearson (incorporated by reference to Exhibit 10.7.3 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed on March 8, 2019).
10.2.4†Waiver Agreement, dated May 9, 2019, to Mark Pearson’s Employment Agreement dated March 9, 2011 (incorporated by reference to Exhibit 10.1 to AXA Equitable Holdings, Inc.’s Form 10-Q for the quarterly period ending June 30, 2019, filed on August 9, 2019.
10.2.5†Letter Agreement, dated December 18, 2019, between AXA Equitable Holdings, Inc., AXA Equitable Life Insurance Company and Mark Pearson (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on December 19, 2019).
10.2.6†Letter Agreement, dated February 14, 2023, between Equitable Holdings, Inc., Equitable Financial Life Insurance Company and Mark Pearson (incorporated by reference to Exhibit 10.2.6 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed on February 21, 2023).
10.3†Director Indemnification Agreement, dated May 4, 2018, between AXA Equitable Holdings, Inc. and each of its directors (incorporated by reference to Exhibit 10.6 to our Form 10-Q for the quarterly period ending March 31, 2018, filed on June 20, 2018).
10.4Commercial Paper Dealer Agreement 4(a)(2) Program, dated as of June 1, 2015, between AllianceBernstein L.P., as Issuer, and Citigroup Global Markets Inc., as Dealer (incorporated by reference to Exhibit 10.08 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed on February 11, 2016).
10.5Commercial Paper Dealer Agreement 4(a)(2) Program, dated as of June 1, 2015, between AllianceBernstein L.P., as Issuer, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Dealer (incorporated by reference to Exhibit 10.10 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed on February 11, 2016).
10.6Commercial Paper Dealer Agreement 4(a)(2) Program, dated as of November 1, 2023, between AllianceBernstein L.P., as Issuer, and Barclays Capital Inc., as Dealer (incorporated by reference to Exhibit 10.27 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed on February 9, 2024).
10.7Amended and Restated Revolving Credit Agreement, originally dated October 13, 2021, and amended August 5, 2025, among AllianceBernstein, L.P., as Borrower, Bank of America, N.A., as Administrative Agent, and the banks and financial institutions named therein (incorporated by reference to Exhibit 10.11 of AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 12, 2026).
10.8†Profit Sharing Plan for Employees of AllianceBernstein L.P., as amended and restated as of January 1, 2015, and as further amended as of January 1, 2017 (incorporated by reference to Exhibit 10.05 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed on February 11, 2016).
10.8.1†Amendment to the Profit Sharing Plan for Employees of AllianceBernstein L.P., dated as of October 20, 2016, and effective as of January 1, 2017 (incorporated by reference to Exhibit 10.06 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed on February 13, 2018).
10.8.2†Amendment to the Profit Sharing Plan for Employees of AllianceBernstein L.P., dated as of April 1, 2018 (incorporated by reference to Exhibit 10.12 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed on February 13, 2019).
10.8.3†Amendment to the Profit Sharing Plan for Employees of AllianceBernstein L.P., dated as of June 28, 2022 (incorporated by reference to Exhibit 10.09 to Form 10-K for the fiscal year ended December 31, 2022, as filed February 10, 2023).
10.9†Employment Agreement, dated as of April 28, 2017, among Seth Bernstein, AllianceBernstein Holding L.P., AllianceBernstein L.P. and AllianceBernstein Corporation (incorporated by reference to Exhibit 10.3 to AB Holding’s Current Report on Form 8-K filed on May 1, 2017).
10.9.1†Amendment No. 1 to Seth P. Bernstein’s Employment Agreement, dated as of December 11, 2018 (incorporated by reference to Exhibit 10.01 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed on February 13, 2019).
10.9.2†Amendment No. 2 to Seth P. Bernstein’s Employment Agreement, dated as of December 18, 2019 (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on December 19, 2019).
10.10†AB 2017 Long Term Incentive Plan, effective as of September 30, 2017 (incorporated by reference to Exhibit 10.06 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed on February 13, 2018).
10.11Amended and Restated Revolving Credit Agreement, dated as of June 24, 2021, by and among the Company, the Subsidiary Account Parties party thereto, the banks party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on June 29, 2021).
10.11.1Amendment No. 1 to Amended and Restated Revolving Credit Agreement, dated as of May 12, 2023, among Equitable Holdings, Inc., certain Subsidiary Account Parties, certain Banks and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on May 15, 2023).
10.12Reimbursement Agreement, dated as of February 16, 2018, by and among AXA Equitable Holdings, Inc. the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.32 to the IPO Form S-1).
10.12.1Amendment No. 1 to Reimbursement Agreement, dated as of March 22, 2021, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.9 to our Current Report on Form 8-K filed on March 26, 2021).
10.12.2Amendment No. 2 to Reimbursement Agreement, dated as of June 25, 2021, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.9 to our Current Report on Form 8-K filed on June 29, 2021).
10.12.3Amendment No. 3 to Reimbursement Agreement, dated as of June 9, 2022, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on June 10, 2022).
10.12.4Amendment No. 4 to Reimbursement Agreement, dated as of May 12, 2023, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.9 to our Current Report on Form 8-K filed on May 15, 2023).
10.12.5Amendment No. 5 to the Reimbursement Agreement, dated as of June 20, 2024, by and among Equitable Holdings, Inc. and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ending June 30, 2024, filed on August 1, 2024).
10.12.6Amendment No. 6 to the Reimbursement Agreement, dated as of August 25, 2025, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and Commerzbank AG, New York Branch (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ending September 30, 2025, filed on November 7, 2025).
10.13Reimbursement Agreement, dated as of January 23, 2024, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and MUFG Bank Ltd. (incorporated by reference to Exhibit 10.19 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed on February 26, 2024).
10.13.1Amendment No. 1 to Reimbursement Agreement, dated as of August 25, 2025, by and among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein) party thereto and MUFG Bank Ltd. (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ending September 30, 2025, filed on November 7, 2025).
10.14†Equitable Severance Benefit Plan, amended and restated as of January 1, 2024 (incorporated by reference to Exhibit 10.45 to the IPO Form S-1 ).
10.15†Equitable Supplemental Severance Plan for Executives, as amended and restated as of May 9, 2018 (incorporated by reference to Exhibit 10.25 to our Form 10-Q for the quarterly period ending March 31, 2018, filed on June 20, 2018).
10.16†Equitable Supplemental Severance Plan for Executives, as amended and restated as of August 9, 2019 (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ending June 30, 2019, filed on August 9, 2019).
10.17†Equitable Executive Survivor Benefits Plan, dated as of April 1, 2012 (incorporated by reference to Exhibit 10.47 to the IPO Form S-1).
10.18†Amended and Restated Variable Deferred Compensation Plan for Executives, as of November 1, 2001 (incorporated by reference to Exhibit 10.48 to the IPO Form S-1).
10.19†Amended and Restated Equitable Post-2004 Variable Deferred Compensation Plan for Executives, as of January 1, 2014 (incorporated by reference to Exhibit 10.49 to the IPO Form S-1).
10.20†AXA Equitable Post-2004 Variable Deferred Compensation Plan for Executives, as amended and restated as of January 1, 2019 (incorporated by reference to Exhibit 10.69 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed on March 8, 2019).
10.21†Equitable Excess Retirement Plan, as amended and restated effective September 1, 2008 (incorporated by reference to Exhibit 10.50 to the IPO Form S-1).
10.22†Equitable Holdings, Inc. Equity Plan for Directors, as amended as of February 27, 2014 (incorporated by reference to Exhibit 10.51 to the IPO Form S-1).
10.23†Form of Stock Option Agreement under the Equitable Holdings, Inc. Equity Plan for Directors (incorporated by reference to Exhibit 10.52 to the IPO Form S-1).
10.24†Form of Restricted Stock Agreement under the Equitable Holdings, Inc. Equity Plan for Directors (incorporated by reference to Exhibit 10.53 to the IPO Form S-1).
10.25†Equitable Post-2004 Variable Deferred Compensation Plan for Directors, as amended and restated as of November 1, 2008 (incorporated by reference to Exhibit 10.54 to the IPO Form S-1).
10.26†Equitable Holdings, Inc. Charitable Award Program for Directors, as amended as of May 17, 2007 (incorporated by reference to Exhibit 10.55 to the IPO Form S-1).
10.27†Equitable Holdings, Inc. Short-Term Incentive Compensation Plan (incorporated by reference to Exhibit 10.56 to the IPO Form S-1).
10.28†AXA Equitable Holdings, Inc. 2018 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.57 to the IPO Form S-1).
10.29†Amended and Restated Equitable Holdings, Inc. 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed on May 28, 2025).
10.30†Equitable Holdings, Inc. Stock Purchase Plan, effective as of December 1, 2018 (incorporated by reference to Exhibit 10.62 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed on March 8, 2019).
10.31#Form of Equitable Holdings, Inc. 2026 Long-Term Incentive Compensation Program Performance Shares Agreement under the 2019 Omnibus Incentive Plan, effective February 11, 2026.
10.32#Form of Equitable Holdings, Inc. 2026 Long-Term Incentive Compensation Program Restricted Stock Unit Agreement under the 2019 Omnibus Incentive Plan, effective February 11, 2026.
10.33†Form of Equitable Holdings, Inc. 2020 Long-Term Incentive Compensation Program Stock Option Agreement under the 2019 Omnibus Incentive Plan for awards granted before February 16, 2022 (incorporated by reference to Exhibit 10.58 to our Annual Report on Form 10-K for the fiscal period ended December 31, 2020, filed on February 24, 2021).
10.34†AllianceBernstein 2025 Incentive Compensation Award Program (incorporated by reference to Exhibit 10.01 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 12, 2026).
10.35†AllianceBernstein 2023 Deferred Cash Compensation Program (incorporated by reference to Exhibit 10.02 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 12, 2026).
10.36†AllianceBernstein Form of Award Agreement, dated as of December 31, 2025, under Incentive Compensation Award Program, Deferred Cash Compensation Program and AB 2017 Long Term Incentive Plan (incorporated by reference to Exhibit 10.03 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 12, 2026).
10.37††AllianceBernstein Form of Award Agreement, dated as of May 24, 2023, under AB 2017 Long Term Incentive Plan relating to equity compensation awards to Independent Directors (incorporated by reference to Exhibit 10.04 to AB Holding’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed on February 9, 2024).
10.38††AllianceBernstein Change in Control Plan for Executive Officers, dated December 11, 2020 (incorporated by reference to Exhibit 99.01 to AB Holding’s Current Report on Form 8-K filed on December 14, 2020).
10.39Master Transaction Agreement, dated as of October 27, 2020, among Equitable Holdings, Inc., Venerable Insurance and Annuity Company and solely with respect to Article XIV, Venerable Holdings, Inc. (incorporated by reference to Exhibit 10.64 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed on February 24, 2021).
10.40†Coinsurance and Modified Coinsurance Agreement, dated as of June 1, 2021, between Equitable Financial Life Insurance Company and Corporate Solutions Life Reinsurance Company (redacted) (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Equitable Financial Life Insurance Company on June 1, 2021).
10.41Master Transaction Agreement, dated as of August 16, 2022, among Equitable Financial Life Insurance Company and First Allmerica Financial Life Insurance Company (redacted) (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ending September 30, 2022, filed on November 3, 2022).
10.42Coinsurance and Modified Coinsurance Agreement, dated as of October 3, 2022, between Equitable Financial Life Insurance Company and First Allmerica Financial Life Insurance Company (redacted) (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ending September 30, 2022, filed on November 3, 2022).
10.43Master Transaction Agreement, dated as of February 23, 2025, by and among Equitable Financial Life Insurance Company, Equitable Financial Life Insurance Company of America, Equitable Financial Life and Annuity Company and RGA Reinsurance Company (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ending March 31, 2025, filed on May 1, 2025).
10.44Coinsurance and Modified Coinsurance Agreement, dated July 31, 2025, between Equitable Financial Life Insurance Company and RGA Reinsurance Company (redacted) (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ending September 30, 2025, filed on November 7, 2025).
10.45Coinsurance and Modified Coinsurance Agreement, dated July 31, 2025, between Equitable Financial Life Insurance Company of America and RGA Reinsurance Company (redacted) (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly period ending September 30, 2025, filed on November 7, 2025).
10.46Revolving Credit Agreement, dated as of July 29, 2025, among Equitable Holdings, Inc., the Subsidiary Account Parties (as defined therein), the Banks (as defined therein) party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 1.1 of our Current Report on Form 8-K filed on July 30, 2025).
10.47Underwriting Agreement, dated March 12, 2025, among Equitable Holdings, Inc. and Citigroup Global Markets, Inc., Morgan Stanley & Co., LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC (incorporated by reference to Exhibit 1.1 to our Current Report on Form 8-K filed on March 13, 2025).
19#Insider Trading Policy.
21.1#List of Subsidiaries of Equitable Holdings, Inc.
23.1#Consent of PricewaterhouseCoopers LLP.
31.1#Certification of the Registrant’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2#Certification of the Registrant’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1#Certification of the Registrant’s Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2#Certification of the Registrant’s Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
97#Clawback and Forfeiture Policy.
101.INSXBRL Instance Document
101.SCHXBRL Taxonomy Extension Schema Document
101.CALXBRL Taxonomy Extension Calculation Linkbase Document
101.LABXBRL Taxonomy Extension Label Linkbase Document
101.PREXBRL Taxonomy Extension Presentation Linkbase Document
101.DEFXBRL Taxonomy Extension Definition Linkbase Document
104Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibits 101)
#Filed herewith.
†Identifies each management contract or compensatory plan or arrangement.
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