Holley (NYSE: HLLY) EVP Kennedy gets RSUs as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holley Inc. EVP & General Counsel Carly Kennedy reported routine equity compensation activity and related tax withholding in company stock. On March 13, 2026, she received 77,277 restricted stock units at no cost under Holley’s 2021 Omnibus Incentive Plan, which will vest in equal or nearly equal installments each March 13 of 2027, 2028 and 2029, subject to continued employment. An additional 3,240 restricted stock units were granted, reflecting extra shares from performance-based awards where Holley achieved a 110% payout on fiscal 2025 Revenue and EBITDA goals, 10% above the target award. To cover required tax withholding upon vesting of previously granted restricted shares, 7,647 shares were automatically withheld on March 4, 24,263 on March 8, and 26,784 on March 21, at fair market values tied to recent closing prices. After these transactions, Kennedy directly holds 475,055 shares of Holley common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Kennedy Carly
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,240 | $0.00 | -- |
| Tax Withholding | Common Stock | 26,784 | $2.72 | $73K |
| Grant/Award | Common Stock | 77,277 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,263 | $3.36 | $82K |
| Tax Withholding | Common Stock | 7,647 | $3.46 | $26K |
Holdings After Transaction:
Common Stock — 475,055 shares (Direct, null)
Footnotes (1)
- This amount represents shares automatically withheld upon the vesting of 19,431 restricted shares of common stock on March 4, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 4, 2026. This amount represents shares automatically withheld upon the vesting of 61,656 restricted shares of common stock on March 8, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 6, 2026. Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan. Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock. These restricted stock units will vest in equal, or nearly equal, installments on March 13 of each of 2027, 2028, and 2029, subject to the reporting person's continuous employment through such date. This amount reflects additional shares issued upon the vesting of performance-based restricted stock units. The number of shares delivered was determined based on the Company's achievement of applicable performance metrics for fiscal year 2025, consisting of Revenue and EBITDA goals. The Company achieved a 110% payout for the relevant performance period, representing an additional 10% of shares above the target award. This amount represents shares automatically withheld upon the vesting of 68,062 restricted shares of common stock on March 21, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 20, 2026.
Key Figures
Tax-withholding shares: 58,694 shares
RSU grant: 77,277 units
Additional performance RSUs: 3,240 units
+5 more
8 metrics
Tax-withholding shares
58,694 shares
Shares automatically withheld for tax obligations in March 2026
RSU grant
77,277 units
Restricted stock units granted on March 13, 2026 at $0.00
Additional performance RSUs
3,240 units
Extra shares from performance-based awards with 110% payout
Post-transaction holdings
475,055 shares
Direct Holley common stock held after March 21, 2026
Tax-withholding price March 4
$3.46 per share
Fair market value used for 7,647 shares withheld on March 4, 2026
Tax-withholding price March 8
$3.36 per share
Fair market value used for 24,263 shares withheld on March 8, 2026
Tax-withholding price March 21
$2.72 per share
Fair market value used for 26,784 shares withheld on March 21, 2026
Performance payout
110%
Payout level on fiscal 2025 Revenue and EBITDA performance RSUs
Key Terms
restricted stock units, performance-based restricted stock units, tax withholding, 2021 Omnibus Incentive Plan, +2 more
6 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.
performance-based restricted stock units financial
"This amount reflects additional shares issued upon the vesting of performance-based restricted stock units."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding financial
"shares automatically withheld upon the vesting ... to cover required tax withholding."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
2021 Omnibus Incentive Plan financial
"Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan."
Revenue financial
"based on the Company's achievement of applicable performance metrics for fiscal year 2025, consisting of Revenue and EBITDA goals."
EBITDA financial
"based on the Company's achievement of applicable performance metrics for fiscal year 2025, consisting of Revenue and EBITDA goals."
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
FAQ
What equity awards did Holley (HLLY) grant to EVP & General Counsel Carly Kennedy?
Carly Kennedy received 77,277 restricted stock units on March 13, 2026, at no cost, plus an additional 3,240 units from performance-based awards. These RSUs vest in roughly equal annual installments on March 13 of 2027, 2028 and 2029, subject to continued employment.
Under which plan were Carly Kennedy’s new Holley (HLLY) RSUs granted?
The new RSUs reported for Carly Kennedy were granted under Holley’s 2021 Omnibus Incentive Plan. Each unit represents the right to receive one share of common stock upon vesting, aligning a portion of her compensation with long-term company performance and share value.