Tax withholding trims Hubbell (NYSE: HUBB) exec Gregory Gumbs’ shareholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUBBELL INC executive Gregory Gumbs reported a tax-related share disposition. On July 6, 2026, 415 shares of common stock were withheld at $494.28 per share to pay taxes triggered by the vesting of restricted shares.
These withheld shares were not an open-market sale but a tax-withholding disposition. After this transaction, Gumbs directly holds 2,952 shares of Hubbell common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gumbs Gregory
Role
President, Utility Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 415 | $494.28 | $205K |
Holdings After Transaction:
Common Stock — 2,952 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 415 shares
Per-share value for withheld shares: $494.28 per share
Shares held after transaction: 2,952 shares
+1 more
4 metrics
Shares withheld for taxes
415 shares
Tax withholding upon vesting of restricted shares on 2026-07-06
Per-share value for withheld shares
$494.28 per share
Value used for tax-withholding disposition on 415 shares
Shares held after transaction
2,952 shares
Direct Hubbell common stock holdings following tax withholding
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
tax-withholding disposition, restricted shares, Form 4
3 terms
tax-withholding disposition financial
"Transaction classified as a tax-withholding disposition with code F."
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.
Form 4 regulatory
"The Form 4 filing reflects a tax-withholding event related to equity compensation."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did HUBB executive Gregory Gumbs report?
Gregory Gumbs reported a tax-withholding disposition of shares. On July 6, 2026, 415 Hubbell common shares were withheld at $494.28 each to cover taxes from vesting restricted shares, leaving him with 2,952 shares directly owned.
Was the Gumbs HUBB Form 4 transaction an open-market sale?
No, the Form 4 does not show an open-market sale. The 415 Hubbell shares were withheld for taxes upon vesting of restricted shares, a common administrative event rather than a discretionary market trade.
What role does Gregory Gumbs hold at HUBBELL INC?
Gregory Gumbs is reported as President, Utility Solutions at Hubbell Inc. His Form 4 filing reflects a tax-withholding event related to his equity compensation, rather than a voluntary open-market stock trade.