HUBB Form 4: Director Bonnie Lind increases ownership to 2,662.644 shares
Rhea-AI Filing Summary
Bonnie Cruickshank Lind, a director of Hubbell Incorporated (HUBB), reported an acquisition of Director Deferred Compensation Stock Units on 08/15/2025. The filing shows 73.074 deferred units were acquired at a unit price equal to the closing price of one share ($427.65 per unit). After the transaction, Ms. Lind beneficially owned 2,662.644 shares directly, which includes reinvested dividends on her Director Deferred securities. The deferred units are payable beginning the fifth business day of January following the director's retirement or separation from the board. The Form 4 was signed by an attorney-in-fact on 08/18/2025.
Positive
- Director ownership increased by 73.074 deferred units, raising direct beneficial ownership to 2,662.644 shares, which supports alignment with shareholders.
Negative
- None.
Insights
TL;DR: Director acquired deferred-compensation stock units, modestly increasing direct ownership and maintaining alignment with shareholders.
The filing documents a routine award or conversion of 73.074 Director Deferred Compensation Stock Units for Ms. Lind, priced at the closing share price of $427.65. These units are payable after departure from the board, which is standard for director deferred plans and aligns long-term director economic outcomes with shareholders. Ownership after the transaction is 2,662.644 shares, inclusive of reinvested dividends.
TL;DR: Transaction is a non-cash deferred-compensation acquisition with no immediate market impact or change in trading liquidity.
The reported change is in Director Deferred Compensation Stock Units rather than an open-market purchase or sale of shares. Because the units convert to shares upon payout after separation, there is no immediate issuance or sale reported here that would affect current float. The report is informational under Section 16 and does not disclose exercise of options or cash proceeds.