Bergsvik Eirik 4
Research Summary
AI-generated summary
HMH CEO Eirik Bergsvik Receives Award, Buys 10,000 Shares
What Happened
- Eirik Bergsvik, Chief Executive Officer of HMH Holding Inc. (HMH), was granted 111,858 restricted stock units (RSUs) under the company's 2026 Long‑Term Incentive Plan and separately purchased 10,000 shares of Class A common stock in an open market / directed share purchase on April 2, 2026.
- The open‑market/directed purchase was at $20.00 per share for a total cash outlay of $200,000. The RSUs were reported with $0 acquisition cost on the Form 4 (standard for awards).
Key Details
- Transaction dates and filing: Transactions occurred on April 2, 2026; Form 4 filed April 6, 2026 (on time).
- Grants (code A): 111,858 RSUs granted under the 2026 LTIP (see vesting below). Reported acquisition value: $0 on the Form 4.
- Purchase (code P): 10,000 shares purchased at $20.00 each = $200,000 (directed share program in connection with the IPO).
- Vesting (from footnote): 90,127 RSUs vested immediately; 4,829 vest on Sept 1, 2026; 6,761 vest in two equal annual installments on Sept 1, 2026 and Sept 1, 2027; 10,141 vest in three equal annual installments on Sept 1, 2026, Sept 1, 2027 and Sept 1, 2028.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Notable footnotes: F1 explains the RSU grant and vesting schedule; F2 notes the share purchase was through the directed share program tied to the issuer's IPO.
- Filing timeliness: Filed within the Form 4 reporting window (filed Apr 6 for Apr 2 transactions).
Context
- RSUs are contingent awards that convert to shares as they vest; 90,127 of these RSUs vested immediately, providing immediate economic interest subject to the company’s terms.
- The 10,000‑share purchase was a cash purchase through the directed share program (often used by insiders participating in IPO allocations), representing a direct insider buy rather than a sale.
- This filing contains both an equity award and a purchase; purchases by executives can be viewed as a stronger direct signal of personal investment than routine compensation grants, but the filing itself does not state any motivation.