Hubbell executive reports routine stock award vesting
HUBBELL INC Executive VP and General Counsel Katherine Anne Lane reported routine equity compensation activity in company stock.
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Rhea-AI Filing Summary
HUBBELL INC Executive VP and General Counsel Katherine Anne Lane reported routine equity compensation activity in company stock. She received 984 shares of Common Stock as a grant tied to a performance share award that vested based on the company’s relative sales growth over a three-year period. In connection with this vesting, 456 shares were disposed of through tax-withholding at $513.18 per share to cover tax obligations, rather than being sold on the open market. After these transactions, she directly holds 17,310 shares of Hubbell common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 984 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 456 | $513.18 | $234K |
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
withheld for payment of taxes financial
Standard & Poor's Capital Goods 900 Index financial
relative sales growth financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HUBB (Hubbell Inc) report for Katherine Anne Lane?
Were the HUBB insider transactions open-market buys or sales?
What performance conditions triggered the HUBB stock award to Katherine Anne Lane?
What does the tax-withholding disposition mean in the HUBB Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.