Felice Stephen J 4
Research Summary
AI-generated summary
Hayward (HAYW) Director Stephen J. Felice Receives 16,094 RSUs
What Happened
Stephen J. Felice, a director of Hayward Holdings, received an award of 16,094 restricted stock units (RSUs) on May 21, 2026. The RSUs were granted at $0.00 per unit (no cash exchanged) and therefore have a reported acquisition value of $0 on the Form 4. Each RSU represents the contingent right to receive one share of Hayward common stock upon vesting.
Key Details
- Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed after the typical 2-business-day Form 4 window).
- Grant: 16,094 RSUs; reported price: $0.00; reported total value on Form 4: $0.
- Vesting: RSUs vest on the earlier of (i) May 21, 2027 or (ii) the 2027 annual meeting of stockholders, subject to continued service as a director. (See footnote.)
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Not a market purchase or sale—this is a compensation award, not an open-market trade.
Context: RSUs are a form of equity compensation that typically convert to actual shares only after vesting; they do not represent immediately tradable shares and do not indicate a purchase or sale by the insider. The late filing means the Form 4 was submitted beyond the usual 2-business-day reporting window; late filings can reduce real-time transparency for investors but do not, by themselves, imply any change in the substance of the award.