LANE KATHERINE ANNE 4

What Happened

• Katherine Anne Lane, Senior Vice President, General Counsel & Secretary of Hubbell Inc., exercised 10,986 stock appreciation rights (SARs) on Feb 9, 2026. The exercise resulted in the issuance of 10,986 shares (acquired at reported exercise prices totaling $1,352,026).
• Of those shares, 6,376 were withheld to cover withholding taxes (1,651 @ $505.85 = $835,162; 4,725 @ $505.52 = $2,388,582) and 4,610 shares were sold in the open market at a weighted-average price of $505.60 for proceeds of $2,330,836. The combined value of shares sold/withheld reported on the Form 4 is about $5.55 million.
• This was effectively a cashless exercise: SARs were exercised and the resulting shares were used to satisfy tax obligations and to generate cash via an open-market sale. The Form 4 was filed on Feb 11, 2026 (reporting period Feb 9, 2026), which is timely.

Key Details

• Transaction date: Feb 9, 2026; Form 4 filed Feb 11, 2026.
• Exercise (M): 2,868 shares @ $105.48 ($302,531) and 8,118 shares @ $129.28 ($1,049,495) — total 10,986 shares acquired via SAR exercise.
• Tax withholding (F): 1,651 shares @ ~$505.85 and 4,725 shares @ ~$505.52 used to satisfy withholding; these values include the tax withholding on the SAR spread.
• Open-market sale (S): 4,610 shares sold at a weighted-average $505.60 (prices ranged $505.59–$506.14 per footnote).
• Shares owned after the transactions: Not specified in the reported Form 4.
• Footnotes: F1 explains shares withheld were calculated on the SAR spread and include tax payments; F2 notes the open-market sale executed in multiple trades (range and weighted average provided); F3 & F4 indicate the SARs vested in three equal annual installments beginning Dec 14, 2019 and July 1, 2020.

Context

• For retail investors: this was an exercise of SARs (derivative awards) followed by withholding for taxes and an open-market sale. That pattern (exercise + sell/withhold) is common to cover tax liabilities and does not by itself indicate an independent view on the company's outlook.
• SARs pay the appreciation amount; here the filing shows the SARs converted into shares which were then used to satisfy taxes and sold; the employee did not retain net new shares from this exercise.
• The filing appears timely (reported within the standard Form 4 window).