Hubbell executive gets stock award, withholds shares
Hubbell Inc. President of Electrical Solutions Mark Eugene Mikes reported compensation-related stock transactions involving common stock.
Rhea-AI Filing Summary
Hubbell Inc. President of Electrical Solutions Mark Eugene Mikes reported compensation-related stock transactions involving common stock. On a performance share award granted on February 7, 2023, he received 414 shares upon vesting, reflecting 147% of the target amount based on the company’s relative sales growth versus the Standard & Poor's Capital Goods 900 Index over a three-year period.
To cover taxes due at vesting, 188 shares were disposed of through share withholding at an indicated value of $513.18 per share, a non-market tax-withholding mechanism rather than an open-market sale. Following these transactions, he directly holds 3,446 shares of Hubbell common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 414 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 188 | $513.18 | $96K |
Footnotes (2)
- 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 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.
- F2. Shares withheld for payment of taxes upon vesting of performance shares.
Key Figures
Key Terms
vesting financial
tax withholding financial
Standard & Poor's Capital Goods 900 Index financial
relative sales growth financial
FAQ
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