Hayward Holdings (HAYW) SVP Susan Canning awarded 71,074 RSUs in retention grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Canning Susan M. reported acquisition or exercise transactions in this Form 4 filing.
Hayward Holdings, Inc. reported that SVP, CLO and Corporate Secretary Susan M. Canning received a grant of 71,074 shares of common stock in the form of restricted stock units under the 2021 Equity Plan. These units vest in two equal installments on June 6, 2029 and June 6, 2031 if she remains in continuous service. Following this award, she directly holds 174,911 common shares. The award is compensation-related rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Canning Susan M.
Role
SVP, CLO, Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 71,074 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 174,911 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 71,074 units
Total shares after award: 174,911 shares
Award price per unit: $0.00 per unit
+3 more
6 metrics
RSU grant size
71,074 units
Restricted stock units granted on June 6, 2026
Total shares after award
174,911 shares
Direct common stock holdings following transaction
Award price per unit
$0.00 per unit
Compensation grant, not open-market purchase
Par value per share
$0.001 per share
Common stock underlying the restricted stock units
First vesting date
June 6, 2029
Half of the restricted stock units vest
Second vesting date
June 6, 2031
Remaining restricted stock units vest
Key Terms
restricted stock units, 2021 Equity Plan, par value, continuous service
4 terms
restricted stock units financial
"Represents an ad hoc retention award of restricted stock units granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Plan financial
"granted to the Reporting Person under Hayward Holdings, Inc. 2021 Equity Plan"
par value financial
"one share of the Issuer's common stock, par value $0.001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
continuous service financial
"provided generally that the Reporting Person remains in continuous service with Issuer through the vesting date"
FAQ
What did Hayward Holdings (HAYW) disclose in Susan Canning’s latest Form 4?
Hayward Holdings reported that SVP, CLO and Corporate Secretary Susan M. Canning received 71,074 restricted stock units as an equity award. The grant was made under the company’s 2021 Equity Plan as part of her compensation, not through an open-market transaction.
What type of equity award did Susan Canning receive from Hayward Holdings (HAYW)?
She received an ad hoc retention award of restricted stock units under the Hayward Holdings, Inc. 2021 Equity Plan. Each restricted stock unit represents the contingent right to receive one share of common stock with a par value of $0.001 per share upon vesting.
When do Susan Canning’s new Hayward (HAYW) restricted stock units vest?
The restricted stock units vest in two equal installments on June 6, 2029 and June 6, 2031. Vesting generally requires that Susan M. Canning remain in continuous service with Hayward Holdings through each applicable vesting date under the award’s terms.
Is Susan Canning’s Form 4 transaction in HAYW stock a market buy or sell?
No, the Form 4 shows an acquisition coded as a grant or award, not a market trade. The 71,074 units were granted at a price of $0.00 per unit as compensation, so there was no open-market buying or selling involved in this transaction.
Under which plan were Susan Canning’s restricted stock units in Hayward (HAYW) granted?
The restricted stock units were granted under the Hayward Holdings, Inc. 2021 Equity Plan. This plan governs equity-based compensation awards such as RSUs, and the filing notes that this specific grant is an ad hoc retention award designed to support ongoing service.