Hayward (NYSE: HAYW) SVP has 1,611 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hayward Holdings, Inc. senior vice president and chief human resources officer Raymond H. Lewis Jr. reported a tax-related share disposition. On the vesting of restricted stock units, 1,611 shares of common stock valued at $16.00 per share were withheld to satisfy tax obligations. After this withholding, he directly owns 48,809 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lewis Raymond H JR
Role
SVP, Chief Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,611 | $16.00 | $26K |
Holdings After Transaction:
Common Stock — 48,809 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hayward (HAYW) report for Raymond H. Lewis Jr.?
Hayward reported that Raymond H. Lewis Jr. had 1,611 common shares withheld to cover tax obligations from vesting restricted stock units. This is a tax-withholding disposition under code F, not an open market sale, and reflects routine equity compensation administration.
Does the Hayward (HAYW) Form 4 indicate an open market sale by the executive?
No, the Form 4 reports a tax-withholding disposition, not an open market sale. Shares were retained by the company to cover taxes triggered by restricted stock unit vesting, a common administrative step in equity compensation programs for executives.
What does transaction code F mean in Hayward (HAYW) insider filings?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, 1,611 shares were withheld at $16.00 per share to satisfy tax obligations from restricted stock unit vesting, rather than representing a discretionary buy or sell trade.