Hillman Solutions (HLMN) CFO gets 46,068 RSUs, disposes shares for taxes
Rhea-AI Filing Summary
Hillman Solutions Corp. reported that CFO and Treasurer Robert O. Kraft received a grant of 46,068 restricted stock units of common stock as a contingent right to one share per unit upon vesting. The 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, he disposed of 13,192 and 4,038 shares of common stock at $8.14 per share through tax-withholding transactions used to cover exercise price or tax liabilities, leaving him with 661,590 directly owned shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,838 shares
Net Buy
3 txns
Insider
Kraft Robert O.
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46,068 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,192 | $8.14 | $107K |
| Exercise Price or Tax Liability | Common Stock | 4,038 | $8.14 | $33K |
Holdings After Transaction:
Common Stock — 661,590 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.
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FAQ
What did Hillman Solutions (HLMN) CFO Robert O. Kraft acquire in this Form 4?
Robert O. Kraft received a grant of 46,068 restricted stock units of common stock. Each RSU represents a contingent right to receive one share upon vesting, providing equity-based compensation tied to his continued employment with Hillman Solutions Corp.
How do the RSUs granted to HLMN’s CFO vest over time?
The 46,068 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, and each installment requires Robert O. Kraft to remain employed by Hillman Solutions Corp. through the applicable vesting date.
What does the RSU footnote in the HLMN Form 4 filing explain?
The footnote explains that the RSUs are a contingent right to receive one common share per unit upon vesting. It also states vesting occurs in three equal annual installments, conditioned on Robert O. Kraft’s continued employment with Hillman Solutions Corp.