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Hubbell (HUBB) executive receives performance shares and withholds stock for taxes

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

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 3,634 shares of Hubbell common stock.

Positive

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Negative

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Insider Mikes Mark Eugene
Role President Electrical Solutions
Type Security Shares Price Value
Grant/Award Common Stock 414 $0.00 --
Tax Withholding Common Stock 188 $513.18 $96K
Holdings After Transaction: Common Stock — 3,634 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 414 shares Performance share award vested based on three-year relative sales growth
Shares withheld for taxes 188 shares Tax-withholding disposition upon vesting of performance shares
Implied tax withholding price $513.18 per share Value used for 188-share tax-withholding disposition
Shares held after transactions 3,634 shares Direct ownership of Hubbell common stock following Form 4 transactions
Payout vs target 147% of target Performance share award vesting level based on relative sales growth
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.
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.
tax withholding financial
"Shares withheld for payment of taxes upon vesting of performance shares"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
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"
relative sales growth financial
"which vested at 147% of the target amount of the award based upon the Company's relative sales growth"
Form 4 Insider Transactions: What Each Field Means →
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*
Mikes Mark Eugene
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President Electrical Solutions
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 Stock05/05/2026A414(1)A$03,634D
Common Stock05/05/2026F188(2)D$513.183,446D
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 Mark E. Mikes05/07/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Hubbell (HUBB) executive Mark Eugene Mikes report on this Form 4?

He reported the vesting of a performance share award and related tax withholding. Mikes received 414 Hubbell common shares as compensation and had 188 shares withheld to cover taxes, leaving him with 3,634 directly held shares after the transactions.

Is the Hubbell (HUBB) Form 4 a market buy or sell by the executive?

No, the transactions are compensation-related, not open-market trades. Shares were granted upon vesting of a performance award, and 188 shares were withheld to pay taxes, a standard administrative mechanism rather than a discretionary stock purchase or sale in the market.

How was the Hubbell (HUBB) performance share award for Mark Eugene Mikes determined?

The award vested at 147% of its target based on Hubbell’s relative sales growth. Performance was measured over three years against other companies in the Standard & Poor's Capital Goods 900 Index, resulting in 414 common shares being delivered to the executive.

How many Hubbell (HUBB) shares does Mark Eugene Mikes hold after this filing?

After the vesting and related tax withholding, he directly holds 3,634 Hubbell common shares. This reflects the net result of 414 shares granted as a performance award and 188 shares withheld to satisfy tax obligations at vesting.

What does the 188-share tax withholding mean in the Hubbell (HUBB) Form 4?

The 188 shares were withheld to pay taxes due when the performance shares vested. Instead of paying cash, a portion of the newly vested Hubbell shares was used to settle the tax liability, which is recorded as a tax-withholding disposition.