Director Ward granted 10,608 RSUs at Hayward Holdings (HAYW)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ward Edward D reported acquisition or exercise transactions in this Form 4 filing.
Hayward Holdings, Inc. director Edward D. Ward received a grant of 10,608 restricted stock units, each representing the right to receive one share of common stock. These units vest on the earlier of May 21, 2027 or the company’s 2027 annual stockholders’ meeting, if he remains on the board through that date.
After this equity award, Ward is reported as directly owning 50,055 shares of Hayward common stock. The transaction reflects routine, compensation-related equity, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ward Edward D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,608 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,055 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock units granted: 10,608 units
Grant price per share: $0.00 per share
Shares owned after transaction: 50,055 shares
+1 more
4 metrics
Restricted stock units granted
10,608 units
Director equity award on May 21, 2026
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Shares owned after transaction
50,055 shares
Common stock directly owned following the award
Vesting date trigger
May 21, 2027
Earlier of this date or 2027 annual meeting
Key Terms
restricted stock units, contingent right, continuous service, vesting date
4 terms
restricted stock units financial
"Represents 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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share"
continuous service financial
"provided that the Reporting Person remains in continuous service with the Issuer's board"
vesting date financial
"through the vesting date."
FAQ
What did Hayward Holdings (HAYW) director Edward D. Ward receive in this Form 4?
Director Edward D. Ward received a grant of 10,608 restricted stock units from Hayward Holdings. Each unit represents the right to receive one share of common stock as part of his director compensation package, rather than a cash salary increase.
How do the 10,608 restricted stock units for HAYW’s director vest?
The 10,608 restricted stock units vest on the earlier of May 21, 2027 or Hayward’s 2027 annual meeting. Vesting requires Ward to remain in continuous service on the company’s board of directors through that vesting date before he receives the underlying shares.
Is the Hayward (HAYW) director’s Form 4 an open-market stock purchase or sale?
No, the Form 4 reports a compensation-related equity award, not a market trade. The 10,608 units were granted at a stated price of $0.00 per share, reflecting a stock-based grant rather than an open-market buy or sell transaction.
What conditions must be met for the HAYW restricted stock units to be earned?
Ward must remain in continuous service on Hayward’s board until the vesting date. If he serves through May 21, 2027 or the 2027 annual meeting, whichever occurs first, each restricted stock unit will convert into one share of the company’s common stock.