Hyliion (NYSE: HYLN) CFO has shares sold to cover taxes
Rhea-AI Filing Summary
Hyliion Holdings Corp. (HYLN) reported an insider equity transaction by its Chief Financial Officer, Panzer Jon. On 2026-08-21, 13,595 shares of common stock were disposed of at a price of $3.32 per share in a transaction coded as an "other" disposition. According to the applicable award agreement, these shares were sold at the direction of Hyliion to cover the reporting person’s tax withholding obligations, with the decision to sell at the issuer’s sole discretion. Following this transaction, the CFO directly held 935,480 shares of Hyliion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,595 shares
Net Sell
1 txn
Insider
Panzer Jon
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 13,595 | $3.32 | $45K |
Holdings After Transaction:
Common Stock — 935,480 shares (Direct)
Footnotes (1)
- F1. These shares were sold at the direction of the issuer under the terms of the issuer's award agreement with the reporting person. Under the award agreement, the decision to sell shares to cover the reporting person's tax withholding obligations is at the sole discretion of the issuer.
Key Figures
Common stock disposed: 13,595 shares
Transaction price per share: $3.32 per share
Shares held after transaction: 935,480 shares
3 metrics
Common stock disposed
13,595 shares
Other disposition by CFO on 2026-08-21
Transaction price per share
$3.32 per share
Price for the 13,595-share disposition
Shares held after transaction
935,480 shares
Direct holdings of CFO following the reported transaction
Key Terms
transaction code J, award agreement, tax withholding obligations, beneficial ownership
4 terms
transaction code J regulatory
"transaction code J, described as "Other acquisition or disposition""
award agreement financial
"under the terms of the issuer's award agreement with the reporting person"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
tax withholding obligations financial
"to cover the reporting person's tax withholding obligations"
beneficial ownership financial
"reporting person’s tax withholding obligations is at the sole discretion of the issuer"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Hyliion Holdings Corp. (HYLN) report for its CFO?
Hyliion reported that CFO Panzer Jon had 13,595 shares of common stock disposed of on 2026-08-21, classified as an "other" disposition under code J, with the sale directed by the issuer to cover tax withholding obligations.
What does transaction code J mean in the Hyliion (HYLN) Form 4 filing?
In this Hyliion Form 4, transaction code J is described as an "Other acquisition or disposition". The footnote explains this specific J-coded transaction was a sale directed by the issuer to cover tax withholding obligations under an award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.