Hubbell (NYSE: HUBB) CHRO receives shares, withholds some for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUBBELL INC Chief Human Resources Officer Alyssa R. Flynn reported a stock-based compensation event. She received 543 shares of common stock as a performance share award that vested at 147% of its target, based on the company’s relative sales growth versus the Standard & Poor's Capital Goods 900 Index over a three-year period.
Upon vesting, 252 shares were withheld to cover taxes, a routine non‑market disposition, leaving her with 4,476 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FLYNN ALYSSA R
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 543 | $0.00 | -- |
| Tax Withholding | Common Stock | 252 | $513.18 | $129K |
Holdings After Transaction:
Common Stock — 4,476 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. Shares withheld for payment of taxes upon vesting of performance shares.
Key Figures
Shares granted: 543 shares
Shares withheld for taxes: 252 shares
Price used for tax withholding: $513.18 per share
+3 more
6 metrics
Shares granted
543 shares
Performance share award vesting on Feb. 7, 2023 grant
Shares withheld for taxes
252 shares
Tax withholding upon vesting of performance shares
Price used for tax withholding
$513.18 per share
Value applied to 252 withheld shares
Shares held after transactions
4,476 shares
Direct ownership after grant and tax withholding
Vesting level vs target
147% of target
Performance share award payout level
Performance period length
three-year period
Measured against S&P Capital Goods 900 Index peers
Key Terms
performance share award, vested at 147% of the target amount, Standard & Poor's Capital Goods 900 Index, Shares withheld for payment of taxes
4 terms
vested at 147% of the target amount financial
"which vested at 147% of the target amount of the award based upon the Company's relative sales growth"
Standard & Poor's Capital Goods 900 Index financial
"as compared to the other companies in the Standard & Poor's Capital Goods 900 Index measured over a three year period"
FAQ
What insider transaction did HUBB (Hubbell Inc) report for Alyssa R. Flynn?
Hubbell reported that Chief Human Resources Officer Alyssa R. Flynn received a grant of 543 shares of common stock from a vested performance share award, with 252 shares withheld to cover taxes, resulting in 4,476 shares held directly after the transactions.