Helios Technologies (HLIO) CEO Sean Bagan Receives Shares via RSU Vesting

What Happened
Sean Bagan, President & CEO and a director of Helios Technologies (HLIO), had 747 restricted stock units (RSUs) convert into 747 common shares on September 11, 2026. The conversion was recorded at $70.66 per share (total value $52,783). To satisfy tax withholding, 294 of those shares were withheld (value $20,774), leaving a net 453 shares retained (net value ≈ $32,009). No open‑market sale of shares was reported.

Key Details

• Transaction date: 2026-09-11; Form 4 filed 2026-09-15 (timely).
• Conversion/derivative activity: 747 RSUs converted into 747 shares (reported as M — exercise/conversion of derivative) at $70.66/share → $52,783 total.
• Tax withholding: 294 shares withheld by the issuer (reported as F) at $70.66/share → $20,774.
• Net shares added to holding: 453 shares (747 − 294), net value ≈ $32,009.
• Footnotes of note:
  • F2: Shares were withheld to satisfy tax withholding related to RSU vesting.
  • F3: Each RSU converts to one share of common stock.
  • F4: These RSUs were granted 9/11/2024 with a two‑year vesting schedule (50% each anniversary).
  • F1 references ESPP shares included in other ownership reporting (not part of this vest/withholding event).
• Filing timeliness: Filed within required window (no late‑filing flag indicated).

Context
This was a routine vesting/conversion of previously granted RSUs, not an open‑market purchase or sale. The withholding of shares for taxes is a common administrative step and should not be interpreted as a market sale. For options/derivative transactions, conversion of RSUs into shares is typically recorded both as a disposition of the derivative and an acquisition of common stock (as seen here).