Hillman CIO reports 60,927-share ownership stake
Hillman Solutions Corp. filed an initial insider ownership report for Chief Information Officer Nicky Andre Spann.
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Form Type
3
Rhea-AI Filing Summary
Hillman Solutions Corp. filed an initial insider ownership report for Chief Information Officer Nicky Andre Spann. The filing shows beneficial ownership of 60,927 shares of common stock, consisting of 3,115 shares and 57,812 restricted stock units (RSUs).
The RSUs represent a right to receive one share of common stock for each unit upon vesting, subject to continued employment. Of these, 27,588 RSUs vest on the third anniversary of their grant dates, while 30,224 RSUs vest in three equal annual installments beginning on the first anniversary of their respective grant dates.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spann Nicky Andre
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,927 shares (Direct)
Footnotes (1)
- F1. Represents 3,115 shares of common stock and 57,812 restricted stock units ("RSUs") that are a contingent right for the Reporting Person to receive one share of common stock for each RSU upon vesting. 27,588 of the RSUs will vest on the third anniversary of the grant date, subject to the Reporting Person's continued employment with the Issuer through the vesting date. Of these RSUs, 5,787 were granted on 09/07/2023, 7,629 were granted on 03/07/2024, and 14,172 were granted on 06/07/2024. 30,224 of the RSUs will vest in three equal annual installments beginning on the first anniversary of the date of grant, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Of these RSUs, 8,726 were granted on 03/07/2025 and 21,498 were granted on 03/07/2026.
Key Figures
Total beneficial ownership: 60,927 shares
Common shares held: 3,115 shares
Restricted stock units: 57,812 RSUs
+5 more
8 metrics
Total beneficial ownership
60,927 shares
Common stock beneficially owned by CIO in Form 3
Common shares held
3,115 shares
Portion of total stake held as common stock
Restricted stock units
57,812 RSUs
RSUs convertible into one share each upon vesting
Cliff-vesting RSUs
27,588 RSUs
Vest on third anniversary of grant date, employment condition
Installment-vesting RSUs
30,224 RSUs
Vest in three equal annual installments from first anniversary
RSUs granted 09/07/2023
5,787 RSUs
Part of 27,588 RSUs vesting on third anniversary
RSUs granted 03/07/2024
7,629 RSUs
Part of 27,588 RSUs vesting on third anniversary
RSUs granted 06/07/2024
14,172 RSUs
Part of 27,588 RSUs vesting on third anniversary
Key Terms
restricted stock units, grant date, vest, contingent right
4 terms
restricted stock units financial
"Represents 3,115 shares of common stock and 57,812 restricted stock units ("RSUs") that are a contingent right..."
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.
grant date financial
"27,588 of the RSUs will vest on the third anniversary of the grant date..."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vest financial
"27,588 of the RSUs will vest on the third anniversary of the grant date..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"RSUs that are a contingent right for the Reporting Person to receive one share of common stock..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Hillman Solutions (HLMN) Form 3 filing show for Nicky Andre Spann?
The Form 3 shows Chief Information Officer Nicky Andre Spann beneficially owning 60,927 Hillman Solutions shares, including 3,115 common shares and 57,812 RSUs that may convert into common stock upon vesting, subject to continued employment conditions.
How many RSUs does the Hillman Solutions (HLMN) CIO hold according to the Form 3?
The filing reports 57,812 restricted stock units (RSUs) held by the Hillman Solutions CIO. Each RSU represents a contingent right to receive one share of common stock upon vesting, provided the executive remains employed through the applicable vesting dates.
How do the Hillman Solutions (HLMN) RSUs for the CIO vest over time?
The Form 3 states that 27,588 RSUs vest on the third anniversary of their grant dates, while 30,224 RSUs vest in three equal annual installments starting on the first anniversary, all requiring continued employment through each vesting date.
What grant dates are disclosed for the Hillman Solutions (HLMN) CIO RSUs?
The disclosed RSU grants include 5,787 RSUs on 09/07/2023, 7,629 on 03/07/2024, 14,172 on 06/07/2024, 8,726 on 03/07/2025, and 21,498 on 03/07/2026, each subject to specific vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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