Units Outstanding (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Changes in Units Outstanding

Changes in AB Units outstanding for the years ended December 31, 2024 and 2023 were as follows:

	2024	2023
Outstanding as of January 1,	286,609,212	285,979,913
Units issued (1)	12,627,827	3,283,594
Units retired(2) (3)	(7,129,132)	(2,654,295)
Outstanding as of December 31,	292,107,907	286,609,212

On December 19, 2024, the company entered into a master exchange agreement with EQH providing for the issuance by AB of up to 10,000,000 units representing assignments of beneficial ownership of limited partnership interests in AB (“AB Units”) to EQH in exchange for an equal number of AB Holding Units owned by EQH, with such exchanges to occur over the next two years. Each AB Holding Unit exchanged will be retired following the exchange. On December 19, 2024, EQH and AB exchanged 5,211,194 AB Units for AB Holding Units and the AB Holding Units were retired. See Exhibit 10.32 to this Form 10-K for further details.

In addition to the master exchange agreement, on December 19, 2024, AB entered into a purchase agreement providing for, and consummated, the sale by AB of 4,215,140 AB Units to EQH.

(1)Includes 4,215,140 and 5,211,194 Units issued in connection with a separate purchase and master exchange agreement entered into with EQH on December 19, 2024, respectively. See Exhibit 10.32 and 10.33 to this Form 10-K.

(2)Includes 5,211,194 Units retired in connection with a master exchange agreement entered into with EQH on December 19, 2024. See Exhibit 10.32 to this Form 10-K.

(3)During 2024 and 2023, we purchased 21,877 and 5,695 AB Units, respectively, in private transactions and retired them.