Hayward Holdings (HAYW) VP disposes 1,475 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hayward Holdings VP handles tax withholding via share transfer
Hayward Holdings, Inc. executive Kevin Gallagher, VP and Chief Engineering Officer, transferred 1,475 shares of common stock on a tax-withholding basis related to vesting of restricted stock units at a reported price of $16.00 per share, leaving him with 37,056 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gallagher Kevin
Role
VP, Chief Engineering Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,475 | $16.00 | $24K |
Holdings After Transaction:
Common Stock — 37,056 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hayward Holdings (HAYW) report for Kevin Gallagher?
Hayward Holdings reported that executive Kevin Gallagher disposed of 1,475 common shares through tax withholding tied to restricted stock unit vesting. This was a tax-liability settlement, not an open-market sale, and he retained 37,056 common shares held directly afterward.
Was the Hayward Holdings (HAYW) insider transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld to satisfy tax withholding obligations from vesting restricted stock units, as indicated by code F and the footnote, meaning they were used to cover taxes rather than sold on the open market.
What does transaction code F mean for Hayward Holdings (HAYW) insider activity?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. For Hayward Holdings, it shows Kevin Gallagher’s shares were withheld specifically to satisfy tax obligations related to vesting restricted stock units, not sold for discretionary portfolio reasons.
What is Kevin Gallagher’s remaining stake in Hayward Holdings (HAYW) after this filing?
After the tax-withholding disposition, Kevin Gallagher held 37,056 Hayward Holdings common shares directly. This figure reflects his ownership following the 1,475-share transfer used to cover tax obligations from restricted stock unit vesting.
Does the Hayward Holdings (HAYW) Form 4 suggest a change in insider sentiment?
The Form 4 does not clearly indicate a change in insider sentiment. The reported disposition was for tax withholding on restricted stock units, which is a routine administrative event rather than a discretionary decision to buy or sell shares in the market.