DEL NERO JONATHAN M. 4
Research Summary
AI-generated summary
Hubbell (HUBB) VP Controller Jonathan Del Nero Withholds 84 Shares for Taxes
What Happened
- Jonathan M. Del Nero, Vice President and Controller of Hubbell Inc. (HUBB), had 84 shares withheld on 2026-02-06 to satisfy tax withholding related to the vesting of restricted shares. The shares are listed at $497.60 each, a total value of $41,798. The transaction is reported as a disposition via withholding (transaction code F), not an open-market sale or a purchase.
Key Details
- Transaction date and price: 2026-02-06 — 84 shares withheld at $497.60 per share (total $41,798).
- Transaction type/code: F — shares withheld to pay taxes upon vesting of restricted shares (cashless/tax-withholding disposition).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Report filed 2026-02-10, which is the second business day after the transaction (timely).
- Footnote: F1 — confirms shares were withheld for payment of taxes upon vesting of restricted shares.
Context
- Withholding shares to cover taxes is a routine administrative action when restricted stock vests; it is not an open-market sale and generally does not indicate a change in the insider’s view of the company.
- For retail investors, tax-withholding dispositions are common and typically carry less informational weight than open-market purchases or outright sales.