Hubbell (HUBB) CEO reports equity award vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BAKKER GERBEN
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,636 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,539 | $505.37 | $1.79M |
| Grant/Award | Common Stock | 6,490 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,008 | $505.37 | $1.52M |
Holdings After Transaction:
Common Stock — 72,056 shares (Direct)
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 200% of the target amount of the Company's Adjusted Operating Profit Margin (adjusted operating income as a percentage of net sales). Shares withheld for payment of taxes upon vesting of performance shares. 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?
Gerben Bakker reported vesting of performance-based stock awards and related tax withholdings. He acquired shares at no cost upon meeting performance goals, while some shares were disposed of to satisfy tax obligations through withholding, leaving him with 71,999 directly owned Hubbell common shares.
Were the Hubbell (HUBB) CEO’s Form 4 disposals open-market stock sales?
No. The reported disposals of 3,539 and 3,008 Hubbell shares were for tax withholding. The filing states these shares were withheld to pay taxes due upon vesting of performance shares, rather than discretionary open-market sales by the CEO.
What performance metrics drove the Hubbell (HUBB) CEO’s stock vesting?
One award vested at 200% of target based on Hubbell’s adjusted operating profit margin. Another vested at 170% of target based on relative total shareholder return versus companies in the S&P Capital Goods 900 Index, using dividend-reinvested returns over specified trading-day averages.
What transaction codes appear in the Hubbell (HUBB) CEO’s Form 4 filing?
The filing shows code “A” for grant, award, or other acquisition of Hubbell common stock from performance share vesting at no cost, and code “F” for dispositions where shares were delivered or withheld to satisfy tax liabilities triggered by the vesting of those performance shares.