Hyliion (HYLN) awards RSUs and performance stock units to legal chief
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Oxholm Jose Miguel
Role
Chief Legal&Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Incentive Units | 285,366 | $0.00 | -- |
| Grant/Award | Common Stock | 95,122 | $2.05 | $195K |
Holdings After Transaction:
Performance Stock Incentive Units — 285,366 shares (Direct);
Common Stock — 848,270 shares (Direct)
Footnotes (1)
- 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. 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
What did Hyliion (HYLN) disclose in this Form 4 filing?
Hyliion reported equity awards to its Chief Legal & Compliance Officer, Jose Miguel Oxholm. He received restricted stock units and performance stock incentive units under the 2024 Equity Incentive Plan, increasing both his common stock holdings and potential future share-based compensation.
What are the vesting terms of Oxholm’s Hyliion RSU award?
The RSU award vests over three years. One-third of the restricted stock units vests on February 11, 2027, while the remaining two-thirds vest in equal quarterly installments over the following two-year period, aligning long-term compensation with continued service at Hyliion.
What performance conditions apply to Hyliion (HYLN) performance stock units?
The 285,366 performance stock incentive units vest only if stock price goals are met. Hyliion must achieve closing price thresholds between $4.00 and $7.00 per share, based on a 90 to 180-calendar-day average, by December 31, 2028 for these units to pay out.
How many performance stock units did Oxholm receive from Hyliion?
Jose Miguel Oxholm received 285,366 performance stock incentive units under Hyliion’s 2024 Equity Incentive Plan. Each unit is tied to stock price performance targets and is structured to settle in an equivalent number of common shares if the conditions are satisfied.
Is Oxholm’s Hyliion equity grant an open-market stock purchase?
No, Oxholm’s transactions are grants, not open-market purchases. The Form 4 shows equity awards coded as acquisitions under the 2024 Equity Incentive Plan, including restricted stock units and performance-based units awarded as part of his executive compensation package.