Insider Trading February 20, 2026

Equitable Financial President Disposes $1.35M in EQH Stock as Q4 Revenue Falls Short

Nick Lane sells shares, exercises options; fourth-quarter revenue misses expectations despite EPS meeting estimates

By Avery Klein EQH
Equitable Financial President Disposes $1.35M in EQH Stock as Q4 Revenue Falls Short
EQH

Nick Lane, president of Equitable Financial, sold 30,000 shares of Equitable Holdings (EQH) on February 17, 2026, generating $1.35 million in proceeds. Lane also exercised options to acquire 10,000 shares at $23.18 each. The disclosures come as Equitable reported fourth-quarter 2025 earnings with EPS matching consensus but revenue materially below forecasts.

Key Points

  • Insider transaction: Nick Lane sold 30,000 EQH shares on February 17, 2026, for approximately $1.35 million with trade prices between $44.8066 and $45.3077.
  • Option exercise: Lane exercised options for 10,000 shares at a strike price of $23.18, totaling $231,800 in exercise value; his reported direct holdings are 107,875.8 shares after the moves.
  • Earnings snapshot: Equitable Holdings reported Q4 2025 EPS of $1.76, meeting expectations, while revenue of $3.28 billion missed the $3.95 billion consensus by 16.96%; the stock saw a slight pre-market uptick.

Nick Lane, who serves as president of Equitable Financial, completed a sale of 30,000 shares of Equitable Holdings Inc. (NYSE: EQH) common stock on February 17, 2026. The transactions produced approximately $1.35 million in gross proceeds, with executed sale prices spanning from $44.8066 to $45.3077 per share.

In addition to the open-market sales, Lane exercised stock options to acquire 10,000 shares at an exercise price of $23.18 per share. The exercise represented a notional value of $231,800 based on the strike price multiplied by the shares acquired.

After accounting for the sale and the option exercise, Lane's reported direct ownership in Equitable Holdings stands at 107,875.8 shares.


These insider transactions arrived alongside the company’s release of fourth-quarter 2025 financial results. Equitable Holdings reported earnings per share of $1.76 for the quarter, which matched analyst expectations. Revenue for the period amounted to $3.28 billion, however, falling short of the $3.95 billion analysts had anticipated. The shortfall represents a 16.96% negative surprise versus consensus.

Market response to the earnings release was muted; the stock registered a slight pre-market uptick following the announcement.


Investors and analysts are monitoring the results and the insider activity as signals about the company’s near-term position. The revenue miss stands out in the quarter’s data as a material divergence from expectations and could prompt revisions to analyst outlooks.

At present, the company's EPS performance aligns with consensus, while the revenue shortfall represents the primary deviation. The combination of an executive-level stock sale and the disclosed financial variances frames the current public information set that market participants will use to reassess forecasts and positioning.

Where available details are limited, the facts remain: the specific share counts sold and acquired through option exercise, the exact prices at which sales occurred, Lane’s reported shareholdings after the transactions, and the headline quarterly earnings and revenue figures with their relationship to analyst expectations.

Risks

  • Revenue shortfall risk - The 16.96% negative surprise on quarterly revenue could lead to revisions in analyst estimates and investor reassessment of Equitable Holdings; this primarily impacts the financials sector and equity market sentiment.
  • Market perception risk from insider selling - Executive-level stock sales can influence investor perception of company prospects or insider liquidity needs, affecting investor confidence in the financials sector.
  • Uncertainty in analyst outlooks - Given the divergence between EPS and revenue outcomes, analysts may adjust forecasts, introducing near-term uncertainty for Equitable Holdings coverage and valuations in the insurance and financial services segments.

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