Hyliion Oxholm converts two performance share awards
The footnotes set staggered issuance dates: half of one vested amount in September 2027, its remainder in December 2027, and another amount in December 2028.
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Rhea-AI Filing Summary
Hyliion Holdings Corp. (HYLN) Chief Legal & Compliance Officer Jose Miguel Oxholm reported conversion of 52,392 and 71,341 performance stock incentive units on September 30, 2026, with corresponding common-stock acquisitions recorded. The vesting conditions were met September 28 and approved September 30. The 52,392-unit portion is scheduled for issuance half on September 30, 2027, and the remainder on December 31, 2027; the 71,341-unit portion is scheduled for issuance on December 31, 2028. Footnotes state that 25% and 20% of the respective PSU awards vested after meeting a minimum $4.00-per-share closing-price threshold over a 180-calendar-day average.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Performance Stock Incentive Units F3 | 52,392 | $0.00 | $0.00 |
| Conversion | Performance Stock Incentive Units F4 | 71,341 | $0.00 | $0.00 |
| Conversion | Common Stock F1 | 52,392 | $0.00 | $0.00 |
| Conversion | Common Stock F2 | 71,341 | $0.00 | $0.00 |
Footnotes (4)
- F1. The underlying market conditions for vesting of this portion of performance stock incentive units ("PSU Award") were satisfied on September 28, 2026, and subsequently approved by the Compensation Committee on September 30, 2026. Half of the vested PSUs will be issued on September 30, 2027 with the remainder to be issued on December 31, 2027.
- F2. The underlying market conditions for vesting of this portion of performance stock incentive units ("PSU Award") were satisfied on September 28, 2026, and subsequently approved by the Compensation Committee on September 30, 2026. These vested PSUs will be issued on December 31, 2028.
- F3. 25% of these PSU Awards vested upon the achievement of the underlying closing stock price threshold of a minimum of $4.00 per share over a 180-calendar-day average.
- F4. 20% of these PSU Awards vested upon the achievement of the underlying closing stock price threshold of a minimum of $4.00 per share over a 180-calendar-day average.
Key Figures
Key Terms
PSU Award financial
underlying closing stock price threshold financial
180-calendar-day average financial
FAQ
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What performance stock incentive units did HYLN's chief legal officer convert?
When are the HYLN vested PSU amounts scheduled to be issued?
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