Hubbell (NYSE: HUBB) CFO details stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hubbell Inc. Senior Vice President and CFO Joseph Anthony Capozzoli reported stock-based compensation activity involving company common shares. On February 10, 2026, he acquired 412 and 348 shares at $0 per share from performance share awards granted on February 7, 2023. These vested at 200% of target based on Adjusted Operating Profit Margin and at 170% of target based on Relative Total Shareholder Return versus the S&P Capital Goods 900 Index. To cover taxes on vesting, 129 and 109 shares were withheld at $505.37 per share, leaving him with 5,865 directly owned shares of Hubbell common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Capozzoli Joseph Anthony
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 412 | $0.00 | -- |
| Tax Withholding | Common Stock | 129 | $505.37 | $65K |
| Grant/Award | Common Stock | 348 | $0.00 | -- |
| Tax Withholding | Common Stock | 109 | $505.37 | $55K |
Holdings After Transaction:
Common Stock — 5,755 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 insider transactions did Hubbell (HUBB) CFO Joseph Capozzoli report?
Hubbell’s CFO reported vesting of performance share awards and related tax withholding. He received common shares at no cost upon meeting performance targets, while some shares were withheld at $505.37 per share to satisfy tax obligations.
What performance metrics drove the Hubbell (HUBB) CFO’s stock award vesting?
The vesting was tied to two performance metrics: Adjusted Operating Profit Margin and Relative Total Shareholder Return. One award vested at 200% of its target based on profit margin, and another vested at 170% based on relative TSR versus the S&P Capital Goods 900 Index.
What does the tax withholding transaction code F mean in the Hubbell (HUBB) Form 4?
Transaction code F indicates shares were used to pay taxes or exercise costs. In this Form 4, 129 and 109 shares of Hubbell common stock were withheld at $505.37 per share to satisfy tax liabilities from the vesting of performance share awards.
Are the Hubbell (HUBB) CFO’s reported transactions open-market buys or equity awards?
The transactions reflect equity awards rather than open-market purchases. Shares were acquired at $0 upon vesting of performance share awards granted in 2023, with a portion of the vested shares withheld at $505.37 each to pay required taxes.