Hillman Solutions (HLMN) CEO has 67,253 shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hillman Solutions Corp.'s President & CEO Jon Michael Adinolfi reported a tax-related share disposition. On the vesting of previously awarded restricted stock units, 67,253 shares of Common Stock were withheld by the company at $7.30 per share to cover tax obligations. After this non-market transaction, he directly holds 843,974 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Adinolfi Jon Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 67,253 | $7.30 | $491K |
Holdings After Transaction:
Common Stock — 843,974 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 67,253 shares
Withholding share price: $7.30 per share
Shares held after transaction: 843,974 shares
3 metrics
Shares withheld for taxes
67,253 shares
Withheld to satisfy tax withholding on RSU vesting
Withholding share price
$7.30 per share
Value applied to withheld Common Stock shares
Shares held after transaction
843,974 shares
Direct Common Stock ownership following withholding
Key Terms
restricted stock units, tax withholding obligation, Common Stock
3 terms
restricted stock units financial
"in connection with the vesting of previously awarded restricted stock units"
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.
tax withholding obligation financial
"withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting"
Common Stock financial
"Represents shares withheld by Issuer to satisfy the tax withholding obligation"
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.
FAQ
What did Hillman Solutions (HLMN) CEO Jon Michael Adinolfi report on this Form 4?
He reported a tax-related share disposition, where 67,253 Common Stock shares were withheld at $7.30 per share. This occurred when previously awarded restricted stock units vested and was used to satisfy associated tax obligations.
Was the Hillman Solutions (HLMN) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld by the issuer to satisfy tax withholding obligations tied to vesting restricted stock units, a common non-market mechanism rather than a discretionary sale into the market.