STOCK TITAN

Hubbell (HUBB) CEO nets stock from performance award vesting and tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hubbell Inc. Chairman, President & CEO Gerben Bakker reported routine equity compensation activity. He received 5,781 shares of common stock from a performance share award that vested based on the company’s relative sales growth, and 2,679 shares were withheld to cover taxes. Following these transactions, he directly owns 81,760 shares of Hubbell common stock.

Positive

  • None.

Negative

  • None.
Insider BAKKER GERBEN
Role Chairman, President & CEO
Type Security Shares Price Value
Grant/Award Common Stock 5,781 $0.00 --
Tax Withholding Common Stock 2,679 $513.18 $1.37M
Holdings After Transaction: Common Stock — 81,760 shares (Direct, null)
Footnotes (1)
  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.
Performance shares vested 5,781 shares Common stock acquired via performance share award vesting on May 5, 2026
Shares withheld for taxes 2,679 shares Common stock withheld to pay taxes upon vesting of performance shares
Post-transaction holdings 81,760 shares Direct ownership of Hubbell common stock following reported transactions
Award vesting level 147% of target Performance share award vesting based on relative sales growth versus S&P Capital Goods 900 Index
Tax-withholding reference price $513.18 per share Price per share used for tax-withholding disposition of 2,679 shares
Performance period length three-year period Measurement window for relative sales growth driving performance award vesting
performance share award financial
"Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023"
A performance share award is a type of executive or employee pay that grants company stock only if predefined performance goals are met over a set period. Think of it as a bonus paid in shares—similar to a savings payout that arrives only if certain targets are hit—so it aligns management incentives with company results and can affect future share count and shareholder value. Investors watch these awards because they influence executive behavior, potential dilution of shares, and signals about expected performance.
Standard & Poor's Capital Goods 900 Index financial
"based upon the Company's relative sales growth as compared to the other companies in the Standard & Poor's Capital Goods 900 Index"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
vesting financial
"acquired upon the vesting of a performance share award granted on February 7, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BAKKER GERBEN

(Last)(First)(Middle)
C/O HUBBELL INCORPORATED
40 WATERVIEW DRIVE

(Street)
SHELTON CONNECTICUT 06484

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
HUBBELL INC [ HUBB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/05/2026A5,781(1)A$081,760D
Common Stock05/05/2026F2,679(2)D$513.1879,081D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. Shares withheld for payment of taxes upon vesting of performance shares.
Remarks:
/s/ Katherine A. Lane, Attorney-in-fact for Gerben Bakker05/07/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did HUBB CEO Gerben Bakker report on this Form 4?

Gerben Bakker reported a grant/award acquisition of 5,781 Hubbell common shares from a vested performance share award and a tax-withholding disposition of 2,679 shares. These movements reflect equity compensation mechanics rather than open-market buying or selling activity.

How many HUBB shares does CEO Gerben Bakker hold after these transactions?

After the reported equity award vesting and tax withholding, Gerben Bakker directly holds 81,760 shares of Hubbell common stock. This figure reflects his updated direct ownership position following the May 5, 2026 compensation-related transactions disclosed in the Form 4 filing.

What triggered the 5,781-share award to HUBB CEO Gerben Bakker?

The 5,781-share award resulted from a performance share award granted on February 7, 2023 that vested. Vesting occurred at 147% of the target amount, based on Hubbell’s relative sales growth versus companies in the Standard & Poor’s Capital Goods 900 Index over three years.

Why were 2,679 HUBB shares disposed of in this Form 4 filing?

The 2,679-share disposition is classified as a tax-withholding transaction. Hubbell withheld these shares to pay taxes due upon the vesting of performance shares, meaning this was not an open-market sale but a routine compensation-related tax settlement.

Does this HUBB Form 4 show any open-market buying or selling by the CEO?

No open-market purchases or sales are shown. The Form 4 reports a grant/award acquisition of shares and a tax-withholding disposition. Both are standard components of equity compensation and do not represent discretionary market trading by the CEO.

How was Hubbell’s performance measured for the CEO’s vested performance shares?

The performance shares vested based on Hubbell’s relative sales growth over a three-year period. Results were compared to other companies in the Standard & Poor’s Capital Goods 900 Index, and this performance led to vesting at 147% of the original target award.