Holley (HLLY) awards CEO 376,964 RSUs vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holley Inc. President and CEO Matthew Stevenson reported an equity compensation grant of 376,964 restricted stock units (RSUs) of Common Stock at no purchase price. Each RSU converts into one share upon vesting under Holley’s 2021 Omnibus Incentive Plan, as amended.
The RSUs vest in equal, or nearly equal, installments on May 1, 2027 and March 13 of 2028 and 2029, conditioned on his continuous employment through each vesting date. Following this award, Stevenson directly holds 3,278,799 shares of Holley common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stevenson Matthew
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 376,964 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,278,799 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 376,964 units
Grant price: $0.00 per share
Shares owned after grant: 3,278,799 shares
+3 more
6 metrics
RSUs granted
376,964 units
Restricted stock units of Common Stock granted to CEO
Grant price
$0.00 per share
Indicated transaction price for RSU award
Shares owned after grant
3,278,799 shares
Direct holdings following the reported transaction
First vesting date
May 1, 2027
Initial installment vesting of RSU grant
Second vesting date
March 13, 2028
Subsequent installment vesting of RSU grant
Final vesting date
March 13, 2029
Final installment vesting of RSU grant
Key Terms
restricted stock units, 2021 Omnibus Incentive Plan, vesting, Common Stock, +1 more
5 terms
restricted stock units financial
"Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan, as amended."
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
"Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan, as amended."
vesting financial
"Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.
continuous employment financial
"These restricted stock units will vest ... subject to the reporting person's continuous employment through such date."
FAQ
What did Holley (HLLY) CEO Matthew Stevenson report in this Form 4 filing?
Matthew Stevenson reported receiving 376,964 restricted stock units as an equity award. Each RSU represents one share of Holley common stock that will be delivered upon future vesting dates under the company’s 2021 Omnibus Incentive Plan.
What is the vesting schedule for Matthew Stevenson’s Holley (HLLY) RSU grant?
The RSUs vest in equal, or nearly equal, installments on May 1, 2027 and March 13 of 2028 and 2029. Vesting is conditioned on Stevenson’s continuous employment with Holley through each specified vesting date.
What does each restricted stock unit in Holley (HLLY) CEO’s grant represent?
Each restricted stock unit represents the right to receive one share of Holley common stock upon vesting. Once the vesting conditions are met, the RSUs settle in shares, increasing the CEO’s direct ownership position in the company.
Under which plan was the Holley (HLLY) CEO’s RSU grant made?
The award was granted under Holley’s 2021 Omnibus Incentive Plan, as amended. This plan governs equity-based compensation, including restricted stock units, and sets terms such as vesting conditions and settlement in company common stock.