Hubbell (HUBB) VP Del Nero logs performance share vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hubbell Inc. vice president and controller Jonathan M. Del Nero reported compensation-related stock activity tied to a performance share award. On vesting of this award, he acquired 232 shares of common stock, while 73 shares were withheld to cover taxes at an implied value of $513.18 per share. The performance award, originally granted on February 7, 2023, vested at 147% of its target amount based on Hubbell’s relative sales growth versus companies in the Standard & Poor's Capital Goods 900 Index over a three-year period. Following these transactions, Del Nero directly holds 3,553 Hubbell common shares. No open-market purchases or sales were reported; the filing reflects equity compensation vesting and associated tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DEL NERO JONATHAN M.
Role
Vice President, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 232 | $0.00 | -- |
| Tax Withholding | Common Stock | 73 | $513.18 | $37K |
Holdings After Transaction:
Common Stock — 3,553 shares (Direct, null)
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 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.
Key Figures
Tax-withheld shares: 73 shares
Tax-withholding price: $513.18 per share
Performance shares awarded: 232 shares
+3 more
6 metrics
Tax-withheld shares
73 shares
Shares withheld to pay taxes on vesting
Tax-withholding price
$513.18 per share
Value applied to 73 withheld shares
Performance shares awarded
232 shares
Common stock acquired via performance share vesting
Shares held after transactions
3,553 shares
Direct Hubbell common stock ownership after Form 4
Vesting level vs. target
147%
Performance share award vested above target level
Performance period length
3 years
Sales growth measured over three years vs. index peers
Key Terms
performance share award, Standard & Poor's Capital Goods 900 Index, vesting, tax-withholding disposition
4 terms
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"
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 disposition financial
"Shares withheld for payment of taxes upon vesting of performance shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did HUBB vice president Jonathan Del Nero report?
Jonathan Del Nero reported vesting-related stock activity, not open-market trades. He received 232 Hubbell common shares from a performance award and had 73 shares withheld to cover taxes, all tied to equity compensation rather than discretionary buying or selling.
Were Jonathan Del Nero’s Hubbell (HUBB) transactions open-market buys or sales?
No, the filing shows no open-market buying or selling. Shares were acquired through a performance share vesting and 73 shares were disposed of only via tax-withholding, a standard mechanism where shares are withheld to satisfy tax obligations on vested equity awards.