Hillman Solutions (HLMN) CEO granted 184,275 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
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 Trade Summary
3 transactions reported
Mixed
3 txns
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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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.
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.