Hubbell (HUBB) executive receives new stock and SAR compensation grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gumbs Gregory reported acquisition or exercise transactions in this Form 4 filing.
Hubbell Inc. reported that Gregory Gumbs, President, Utility Solutions, received equity awards as part of his compensation. He was granted 2,563 Stock Appreciation Rights, bringing his total Stock Appreciation Rights to 2,563. He also received a restricted stock grant of 628 shares of common stock, increasing his directly held common stock to 3,367 shares.
According to the terms, all of the restricted stock vests on the third anniversary of the grant date, while the Stock Appreciation Rights vest and become exercisable in three equal annual installments beginning on February 17, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gumbs Gregory
Role
President, Utility Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Right | 2,563 | $0.00 | -- |
| Grant/Award | Common Stock | 628 | $0.00 | -- |
Holdings After Transaction:
Stock Appreciation Right — 2,563 shares (Direct);
Common Stock — 3,367 shares (Direct)
Footnotes (1)
- Restricted stock grant, all of which vests on the third anniversary of the date of grant. The stock appreciation right vests and becomes exercisable in three equal annual installments beginning on February 17, 2027.
FAQ
What insider transactions did HUBB executive Gregory Gumbs report?
Gregory Gumbs reported receiving equity awards, not open-market trades. He was granted 2,563 Stock Appreciation Rights and 628 shares of restricted common stock, both classified as grant or award acquisitions under a Form 4 insider transaction.
What equity awards did Hubbell (HUBB) grant to Gregory Gumbs?
Hubbell granted Gregory Gumbs 2,563 Stock Appreciation Rights and a restricted stock award of 628 common shares. Both awards were reported with a transaction price per share of zero, indicating they are compensatory equity grants rather than purchases.
What is the vesting schedule for Gregory Gumbs’ Hubbell Stock Appreciation Rights?
The Stock Appreciation Rights granted to Gregory Gumbs vest and become exercisable in three equal annual installments. Vesting begins on February 17, 2027, with additional installments on the following anniversaries, according to the footnote description.
Were the Hubbell (HUBB) insider transactions open-market buys or sells?
The transactions reported were equity awards, not market trades. Both entries use transaction code A, described as a grant, award, or other acquisition, and were reported with a price per share of zero rather than a market purchase or sale price.