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|4Feb 10, 4:40 PM ET

BAKKER GERBEN 4

4 · HUBBELL INC · Filed Feb 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Hubbell (HUBB) CEO Gerben Bakker Exercises SARs, Sells Shares

What Happened

  • Gerben Bakker (Chairman, President & CEO) exercised/converted derivative awards on Feb 6, 2026 — 29,845 shares in two exercises (9,845 @ $163.26 = $1,607,295 and 20,000 @ $185.87 = $3,717,400; total cash paid ≈ $5,324,695).
  • On the same date the filing shows multiple dispositions: shares were withheld to satisfy taxes (22,293 shares withheld across three withholding entries, proceeds/value reported ≈ $11,034,614) and an aggregate of 25,233 shares were sold in the open market in multiple trades for total proceeds ≈ $12,590,627.
  • Several derivative-line items are reported as dispositions at $0.00 — these reflect the SAR/derivative awards being settled/cancelled as part of the exercise. Overall this looks like a common cashless-style settlement: exercise of SARs/options followed by withholding and market sales to cover taxes and/or realize cash.

Key Details

  • Transaction date: 2026-02-06; Form filed 2026-02-10 (timely filing indicated).
  • Exercises/acquisitions: 29,845 shares acquired via exercise; cash paid ≈ $5,324,695.
  • Tax withholding: 22,293 shares withheld for taxes (footnote F1/F2) — reported value ≈ $11,034,614.
  • Open-market sales: 25,233 shares sold across multiple trades at prices roughly $494–$503, total proceeds ≈ $12,590,627. Several sales list weighted-average prices and include footnotes F3–F12 with price ranges.
  • Shares owned after transaction: not stated in the excerpt of the Form 4 provided.
  • Notable footnotes: F1 = shares withheld to pay taxes; F2/F13/F14 note the awards were stock appreciation rights (SARs) that vested and were exercised; multiple footnotes (F3–F12) say sales were executed in multiple trades and the reported price is a weighted average.

Context

  • This is primarily an exercise of SARs/derivatives with concurrent share withholding and open-market sales to cover tax obligations and/or take proceeds. That pattern (exercise + withholding + sell) is routine for executives converting awards into cash/value and does not by itself imply bullish or bearish sentiment.
  • Transaction codes: M = exercise/conversion of derivative, F = payment of exercise price or tax liability, S = open market sale.
  • For retail investors: purchases (net buys) are generally more informative as bullish signals; this filing documents an executive monetizing compensation through standard settlement steps rather than a fresh buy.

Insider Transaction Report

Form 4
Period: 2026-02-06
HUBBELL INCHUBB
BAKKER GERBEN
DirectorChairman, President & CEO
Transactions
  • Tax Payment

    Common Stock

    [F1]
    2026-02-06$497.60/sh−2,681$1,334,066→ 79,420 total
  • Exercise/Conversion

    Common Stock

    2026-02-06$163.26/sh+9,845$1,607,295→ 89,265 total
  • Exercise/Conversion

    Common Stock

    2026-02-06$185.87/sh+20,000$3,717,400→ 109,265 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-06$494.14/sh−6,312$3,119,043→ 102,953 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-06$494.85/sh−13,300$6,581,505→ 89,653 total
  • Sale

    Common Stock

    [F3]
    2026-02-06$494.22/sh−700$345,953→ 88,953 total
  • Sale

    Common Stock

    [F4]
    2026-02-06$495.51/sh−2,195$1,087,645→ 86,758 total
  • Sale

    Common Stock

    [F5]
    2026-02-06$496.50/sh−3,453$1,714,420→ 83,305 total
  • Sale

    Common Stock

    [F6]
    2026-02-06$497.48/sh−3,691$1,836,180→ 79,614 total
  • Sale

    Common Stock

    [F7]
    2026-02-06$498.61/sh−3,897$1,943,087→ 75,717 total
  • Sale

    Common Stock

    [F8]
    2026-02-06$499.49/sh−2,985$1,490,978→ 72,732 total
  • Sale

    Common Stock

    [F9]
    2026-02-06$500.71/sh−2,643$1,323,388→ 70,089 total
  • Sale

    Common Stock

    [F10]
    2026-02-06$502.91/sh−2,729$1,372,452→ 67,360 total
  • Sale

    Common Stock

    [F11]
    2026-02-06$501.60/sh−1,919$962,566→ 65,441 total
  • Sale

    Common Stock

    [F12]
    2026-02-06$503.38/sh−871$438,443→ 64,570 total
  • Sale

    Common Stock

    2026-02-06$503.43/sh−150$75,515→ 64,420 total
  • Exercise/Conversion

    Stock Appreciation Right

    [F13]
    2026-02-06−9,845→ 0 total
    Exercise: $163.26Exp: 2031-02-10→ Common Stock (9,845 underlying)
  • Exercise/Conversion

    Stock Appreciation Right

    [F14]
    2026-02-06−20,000→ 9,936 total
    Exercise: $185.87Exp: 2032-02-08→ Common Stock (20,000 underlying)
Footnotes (14)
  • [F1]Shares withheld for payment of taxes upon vesting of restricted shares.
  • [F10]The transaction was executed in multiple trades at prices ranging from $502.30 - 503.30. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F11]The transaction was executed in multiple trades at prices ranging from $501.26 - $502.06. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F12]The transaction was executed in multiple trades at prices ranging from $503.31 - $503.41. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F13]The stock appreciation right vested and became exercisable in three equal annual installments beginning on February 10, 2022.
  • [F14]The stock appreciation right vested and became exercisable in three equal annual installments beginning on February 8, 2023.
  • [F2]The shares withheld by the Issuer were calculated on the spread between the price of the SAR and the market price on the date the SAR was exercised. The payment of withholding taxes for the SAR that was exercised on this date was also included in this number.
  • [F3]The transaction was executed in multiple trades at prices ranging from $493.79 - $494.665. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F4]The transaction was executed in multiple trades at prices ranging from $494.95 - $495.905. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F5]The transaction was executed in multiple trades at prices ranging from $495.96 - $496.87. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F6]The transaction was executed in multiple trades at prices ranging from $497.11 - $498.06. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F7]The transaction was executed in multiple trades at prices ranging from $498.14 - $499.11. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F8]The transaction was executed in multiple trades at prices ranging from $499.16 - $500.14. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
  • [F9]The transaction was executed in multiple trades at prices ranging from $500.24 - 501.23. The price reported above reflected the weighted average sales price. The reporting person hereby undertakes to provide, upon request to the Securities and Exchange Commission staff full information regarding the number of shares sold at each separate price for all transactions on this Form 4.
Signature
/s/ Katherine A. Lane, Attorney-in-fact for Gerben Bakker|2026-02-10

Documents

1 file
  • 4
    wk-form4_1770759604.xmlPrimary

    FORM 4