Hubbell VP gains shares from performance awards
Hubbell Inc. executive equity awards vest.
Rhea-AI Filing Summary
Hubbell Inc. executive equity awards vest. Vice President and Controller Jonathan M. Del Nero reported several transactions in Hubbell common stock on February 10, 2026. He acquired 308 shares and 261 shares at $0 per share upon the vesting of performance share awards granted on February 7, 2023. These awards vested based on the company’s Adjusted Operating Profit Margin at 200% of target and Relative Total Shareholder Return at 170% of target versus the S&P Capital Goods 900 Index. To cover tax obligations upon vesting, 99 shares and 82 shares were disposed of at $505.37 per share through share withholding rather than an open-market sale. After these transactions, Del Nero directly beneficially owned 3,157 shares of Hubbell common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 308 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 99 | $505.37 | $50K |
| Grant/Award | Common Stock | 261 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 82 | $505.37 | $41K |
Footnotes (3)
- 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 200% of the target amount of the Company's Adjusted Operating Profit Margin (adjusted operating income as a percentage of net sales).
- F2. Shares withheld for payment of taxes upon vesting of performance shares.
- F3. Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 170% of a target amount of the Company's Relative Total Shareholder Return (average of the last 20 trading days of the preceding performance period compared to the average of the last 20 trading days of the performance period, with dividends reinvested as shares), as compared to the companies that comprise the S&P Capital Goods 900 Index.
FAQ
What insider transactions did Hubbell (HUBB) report for Jonathan M. Del Nero?
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