Hubbell CEO reports stock awards vesting
Hubbell Incorporated Chairman, President & CEO Gerben Bakker reported equity award vesting and related tax withholdings in company stock.
Rhea-AI Filing Summary
Hubbell Incorporated Chairman, President & CEO Gerben Bakker reported equity award vesting and related tax withholdings in company stock. On February 10, 2026, he acquired 7,636 common shares from a performance share award tied to adjusted operating profit margin and 6,490 shares from a separate award tied to relative total shareholder return, both at no cost.
To cover taxes upon vesting, 3,539 shares and 3,008 shares were disposed of at a price of $505.37 per share through share withholding, not open-market selling. After these transactions, Bakker directly beneficially owned 71,999 shares of Hubbell common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,636 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,539 | $505.37 | $1.79M |
| Grant/Award | Common Stock | 6,490 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,008 | $505.37 | $1.52M |
Footnotes (3)
- F1. Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 200% of the target amount of the Company's Adjusted Operating Profit Margin (adjusted operating income as a percentage of net sales).
- F2. Shares withheld for payment of taxes upon vesting of performance shares.
- F3. Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 170% of a target amount of the Company's Relative Total Shareholder Return (average of the last 20 trading days of the preceding performance period compared to the average of the last 20 trading days of the performance period, with dividends reinvested as shares), as compared to the companies that comprise the S&P Capital Goods 900 Index.
FAQ
What did Hubbell (HUBB) CEO Gerben Bakker report in this Form 4?
Were the Hubbell (HUBB) CEO’s Form 4 disposals open-market stock sales?
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