Hillman Solutions (HLMN) EVP gets RSU grant and withholds shares
Rhea-AI Filing Summary
Hillman Solutions Corp. executive Brett Alan Hillman, EVP – US Sales and Field Service, reported equity compensation and related tax withholding transactions in company common stock. He acquired 27,641 restricted stock units, each representing a contingent right to receive one share of common stock upon vesting.
These RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to his continued employment. On the same date, 6,523 shares and 1,997 shares of common stock were disposed of at $8.14 per share to cover tax liabilities. After these transactions, he directly owned 98,161 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 19,121 shares
Net Buy
3 txns
Insider
Hillman Brett Alan
Role
EVP - US Sales and Field Svc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,641 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,523 | $8.14 | $53K |
| Exercise Price or Tax Liability | Common Stock | 1,997 | $8.14 | $16K |
Holdings After Transaction:
Common Stock — 98,161 shares (Direct)
Footnotes (1)
- F1. Represents 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. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Brett Alan Hillman report for HLMN?
Brett Alan Hillman reported receiving a grant of restricted stock units and disposing of shares to cover taxes. He acquired 27,641 RSUs and disposed of 6,523 and 1,997 common shares at $8.14 per share in tax-withholding transactions.
How many restricted stock units did HLMN executive Brett Hillman receive?
Brett Hillman received 27,641 restricted stock units. Each RSU is a contingent right to one share of Hillman Solutions common stock upon vesting, providing him with equity-based compensation tied directly to the company’s future performance and his continued employment.
What are the vesting terms of Brett Hillman’s RSU grant at Hillman Solutions (HLMN)?
The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date. Vesting is conditioned on Brett Hillman’s continued employment with Hillman Solutions through each applicable vesting date, aligning his incentives with long-term service.
Are Brett Hillman’s RSUs at Hillman Solutions immediately settled in common stock?
No, the RSUs are a contingent right to receive one share of common stock for each unit upon vesting. Settlement occurs as the RSUs vest in three equal annual installments, assuming Brett Hillman remains employed through each vesting date.