[Form 4] HUBBELL INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hubbell Inc Senior Vice President and CFO Joseph Anthony Capozzoli reported routine equity compensation activity in company Common Stock. A performance share award granted on February 7, 2023 vested based on the company’s relative sales growth versus the Standard & Poor's Capital Goods 900 Index, paying out at 147% of its target. Upon vesting, he acquired 310 shares, while 98 shares were withheld to cover tax obligations at a reference price of $513.18 per share, a non-market disposition. Following these transactions, he directly holds about 6,722.641 shares, including reinvested dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Capozzoli Joseph Anthony
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
| Tax Withholding | Common Stock | 98 | $513.18 | $50K |
Holdings After Transaction:
Common Stock — 6,722.641 shares (Direct, null)
Footnotes (1)
- Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 147% of the target amount of the award based upon the Company's relative sales growth as compared to the other companies in the Standard & Poor's Capital Goods 900 Index measured over a three year period. This total includes reinvested dividends that have been paid on the individual's securities. Shares withheld for payment of taxes upon vesting of performance shares.
FAQ
What insider transactions did HUBB CFO Joseph Capozzoli report?
Hubbell (HUBB) CFO Joseph Capozzoli reported vesting of a performance share award and related tax withholding. He received 310 shares of common stock and had 98 shares withheld to pay taxes, leaving him with 6,722.641 directly held shares after the transactions.
Was the HUBB CFO’s Form 4 a market sale or routine tax withholding?
The Form 4 shows routine tax-withholding, not an open-market sale. 98 shares were disposed of to satisfy tax obligations upon vesting of performance shares, a standard mechanism where the company withholds shares instead of the insider selling them in the market.