Hyliion grants stock and performance units to CLO
Hyliion Holdings Corp. granted equity awards to its Chief Legal & Compliance Officer, Jose Miguel Oxholm.
Rhea-AI Filing Summary
Hyliion Holdings Corp. granted equity awards to its Chief Legal & Compliance Officer, Jose Miguel Oxholm. He received 95,122 shares of common stock as a restricted stock unit award valued at $2.05 per share, bringing his directly held common stock to 848,270 shares after the grant.
The RSU award was issued under Hyliion’s 2024 Equity Incentive Plan, with one-third vesting on February 11, 2027 and the remaining two-thirds vesting quarterly in equal amounts over the following two years. He also received 285,366 performance stock incentive units, which can convert into an equal number of common shares if the stock meets closing price targets between $4.00 and $7.00 per share over a 90–180 day average by December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Incentive Units | 285,366 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 95,122 | $2.05 | $195K |
Footnotes (2)
- F1. The Reporting Person received a grant of restricted stock units ("RSU Award") pursuant to the Issuer's 2024 Equity Incentive Plan. One-third (1/3) of the RSU Award will vest on February 11, 2027, and the remaining two-thirds (2/3) of the RSU Award will vest quarterly in equal amounts over a two-year period thereafter.
- F2. The Reporting Person received a grant of performance stock incentive units ("PSU Award") pursuant to the Issuer's 2024 Equity Incentive Plan. The award is contingent upon achieving underlying closing stock price thresholds ranging from $4.00 to $7.00 per share over a 90 to 180-calendar-day average by December 31, 2028.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hyliion (HYLN) disclose in this Form 4 filing?
What are the vesting terms of Oxholm’s Hyliion RSU award?
What performance conditions apply to Hyliion (HYLN) performance stock units?
How many performance stock units did Oxholm receive from Hyliion?
Is Oxholm’s Hyliion equity grant an open-market stock purchase?
AI-generated analysis. How Rhea-AI works. Not financial advice.