Hubbell (HUBB) CEO nets stock from performance award vesting and tax withholding
Filing Impact
Filing Sentiment
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 Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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
Performance shares vested: 5,781 shares
Shares withheld for taxes: 2,679 shares
Post-transaction holdings: 81,760 shares
+3 more
6 metrics
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
Key Terms
performance share award, Standard & Poor's Capital Goods 900 Index, tax-withholding disposition, grant/award acquisition, +1 more
5 terms
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.
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.
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.