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Hillman Solutions (HLMN) CEO granted 184,275 RSUs, withholds shares for tax

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hillman Solutions Corp. President & CEO Jon Michael Adinolfi reported equity compensation and related tax-withholding transactions in common stock. He received a grant of 184,275 restricted stock units (RSUs), each representing a contingent right to one share of common stock upon vesting.

The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, conditioned on his continued employment with the company through each vesting date. On the same date, he disposed of 9,784 shares and 9,983 shares of common stock at $8.14 per share in transactions classified as tax-withholding dispositions to cover tax liabilities. Following these transactions, he directly owned 921,594 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Adinolfi Jon Michael
Role President & CEO
Type Security Shares Price Value
Grant/Award Common Stock 184,275 $0.00 --
Tax Withholding Common Stock 9,784 $8.14 $80K
Tax Withholding Common Stock 9,983 $8.14 $81K
Holdings After Transaction: Common Stock — 941,361 shares (Direct)
Footnotes (1)
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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Adinolfi Jon Michael

(Last) (First) (Middle)
1280 KEMPER MEADOW DR.

(Street)
FOREST PARK OH 45240

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Hillman Solutions Corp. [ HLMN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 03/07/2026 A 184,275 A $0 941,361 D
Common Stock 03/07/2026 F 9,784 D $8.14 931,577 D
Common Stock 03/07/2026 F 9,983 D $8.14 921,594 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
By: /s/ Daniel M. Bauer, as attorney-in-fact 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Hillman Solutions (HLMN) CEO Jon Michael Adinolfi receive in this Form 4 filing?

Jon Michael Adinolfi received a grant of 184,275 restricted stock units (RSUs). Each RSU represents a right to receive one share of Hillman common stock upon vesting, reflecting a significant component of his equity-based compensation package.

How do the new RSUs for Hillman Solutions (HLMN) CEO vest over time?

The 184,275 RSUs vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and continues annually, subject to Jon Michael Adinolfi’s continued employment with Hillman Solutions on each applicable vesting date.

Why did the Hillman Solutions (HLMN) CEO dispose of shares in this Form 4?

Jon Michael Adinolfi disposed of 9,784 and 9,983 shares of common stock at $8.14 per share. Both transactions are classified as tax-withholding dispositions to satisfy tax liabilities tied to equity compensation, not open-market sales for portfolio reasons.

How many Hillman Solutions (HLMN) shares does the CEO own after these transactions?

After the reported grant and tax-withholding dispositions, Jon Michael Adinolfi directly owned 921,594 shares of Hillman Solutions common stock. This figure reflects his direct ownership position following all Form 4 transactions dated March 7, 2026.

What is the transaction code A in the Hillman Solutions (HLMN) Form 4?

Transaction code A indicates a grant, award, or other acquisition of securities. In this case, it refers to Jon Michael Adinolfi’s award of 184,275 RSUs, representing equity compensation rather than an open-market purchase of common stock.

What does transaction code F mean in the Hillman Solutions (HLMN) CEO’s Form 4?

Transaction code F represents the payment of an exercise price or tax liability by delivering securities. For Jon Michael Adinolfi, the F-coded transactions are tax-withholding dispositions of shares at $8.14 per share related to his equity awards.