Bagan Sean 4

What Happened
Sean Bagan, President & CEO and a director of Helios Technologies (HLIO), received a one-time equity award on March 5, 2026. That award included 3,698 shares that were settled immediately (priced at $67.61 each, valued at $250,022) and two derivative components: 18,770 restricted stock units (RSUs) and 38,846 performance stock options granted the same day. All items are coded as awards/grants (Form 4 transaction code A).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed within the required two business days).
• Settled shares: 3,698 shares acquired at $67.61 per share = $250,022 total.
• RSUs: 18,770 units granted (derivative, $0 acquisition price reported). Per footnote, generally 33⅓% of these RSUs vest/convert on Jan 3 of 2027, 2028 and 2029.
• Performance options: 38,846 performance-based stock options (derivative, $0 price reported). These represent the right to receive up to 225% of the number of options awarded, vesting and payout tied to pre-established performance metrics over a three-year performance period (FY2026–FY2028) and subject to continued employment through March 15, 2029; options expire 10 years from grant.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction type: Award/Grant (A) — not an open-market purchase or sale.

Context

• The immediate settlement (3,698 shares) delivered roughly $250K in stock to the CEO and was part of a broader special equity award. The RSUs and performance options are derivative awards with time- and performance-based vesting, so their ultimate share delivery depends on future vesting conditions and any performance outcomes.
• Awards like these are compensation-related and do not necessarily signal a personal purchase or sale decision by the insider.