Holley (HLLY) SVP & Counsel reports holdings and RSU award terms
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Holley Inc. executive Sarah E. Apple, SVP & General Counsel, has reported ownership of 33,338 shares of Common Stock. The filing also notes a grant of restricted stock units under Holley’s 2021 Omnibus Incentive Plan, each unit converting into one share of Common Stock upon vesting. These restricted stock units are scheduled to vest in equal, or nearly equal, installments on May 1 of each of 2027, 2028, and 2029, conditioned on her continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Apple Sarah E.
Role
SVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 33,338 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Common Stock owned: 33,338 shares
RSU vesting dates: May 1, 2027, 2028, 2029
RSU share ratio: 1 share per unit
3 metrics
Common Stock owned
33,338 shares
Beneficial ownership following reported position
RSU vesting dates
May 1, 2027, 2028, 2029
Restricted stock units vest in installments on these dates
RSU share ratio
1 share per unit
Each restricted stock unit converts into one share of Common Stock upon vesting
Key Terms
restricted stock units, 2021 Omnibus Incentive Plan, Common Stock
3 terms
restricted stock units financial
"Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan"
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 Omnibus Incentive Plan financial
"pursuant to the Issuer's 2021 Omnibus Incentive Plan, as amended"
Common Stock financial
"Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does Sarah E. Apple’s Form 3 for Holley (HLLY) disclose?
The Form 3 shows Sarah E. Apple, Holley’s SVP & General Counsel, beneficially owning 33,338 shares of Common Stock. It also references a grant of restricted stock units that convert into shares upon vesting over future years.
What are the key terms of Sarah E. Apple’s restricted stock units at Holley (HLLY)?
Her restricted stock units were granted under Holley’s 2021 Omnibus Incentive Plan. Each unit represents the right to receive one share of Common Stock upon vesting, which occurs in equal, or nearly equal, installments on May 1 in 2027, 2028, and 2029.
When will Sarah E. Apple’s Holley (HLLY) restricted stock units vest?
The restricted stock units are scheduled to vest on May 1 of 2027, 2028, and 2029. Vesting is in equal, or nearly equal, installments and is subject to her continuous employment with Holley through each applicable vesting date.
Under what plan were Sarah E. Apple’s Holley (HLLY) RSUs granted?
The restricted stock units were granted under Holley’s 2021 Omnibus Incentive Plan, as amended. This plan provides equity-based incentives, and in this case, each restricted stock unit will settle into one share of Common Stock upon vesting.