AllianceBernstein (AB) Proxy filing summary

Executive summary

• Special meeting set for November 18, 2026, at 9:30 a.m. CST, to vote on a new 10-year long-term incentive plan; the Board unanimously recommends FOR.

• The new CEO appointment takes effect April 1, 2027, following Seth Bernstein’s retirement effective March 31, 2027.

• The pending Equitable-Corebridge merger is subject to customary closing conditions; no changes to leadership, operating model, or ownership structure are expected, and an eventual ~$100 billion AUM transfer is anticipated.

Voting matters and shareholder proposals

• The 2026 Plan would authorize 60 million units, including up to 30 million newly issued units; if approved, it takes effect November 30, 2026, and expires November 30, 2036.

• Approval requires a majority of votes cast; quorum requires a majority of outstanding units represented, excluding units represented by Equitable Holdings and its subsidiaries. Abstentions count against the proposal.

• The record date was September 24, 2026, with 92,144,084 units outstanding and one vote per unit; the meeting will be virtual.

• The plan’s estimated maximum dilution is 9.4%; the estimate includes 30 million newly issued units and 500,000 illustrative grants under the prior plan before the new plan’s effective date.

Board of directors and corporate governance

• The Compensation Committee held five regular meetings in 2025; it includes Equitable Holdings’ CEO, whose affirmative vote or consent is required for committee action. A non-management subcommittee approves NEO unit awards.

• Independent directors receive a $170,000 annual restricted-unit grant, generally vesting in equal increments over three years, and must maintain unit ownership worth five times their annual retainer.

• The General Partner manages and controls the partnerships; unitholders cannot manage the business or elect General Partner directors.