Mikes Mark Eugene 4
4 · HUBBELL INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Hubbell (HUBB) President Mark Mikes Receives Awards; Shares Withheld
What Happened Mark Mikes, President of Electrical Solutions at Hubbell Inc. (HUBB), was issued 1,012 shares upon vesting of performance share awards on Feb 10, 2026 (548 + 464 shares, $0.00 acquisition price). To satisfy tax withholding obligations, 308 of those shares (167 + 141) were withheld/disposed at an attributed value of $505.37 per share, generating proceeds/withholding value of $84,397 and $71,257 respectively (total ~$155,654). This was not an open-market sale—the dispositions were tax withholdings tied to vesting.
Key Details
- Transaction date: Feb 10, 2026; Form 4 filed Feb 12, 2026 (timely filing, within typical 2-business-day window).
- Awards vested: 548 shares and 464 shares (total 1,012) at $0.00 acquisition price (performance share vesting).
- Shares withheld/disposed for taxes: 167 shares ($84,397) and 141 shares ($71,257); total 308 shares, ~$155,654 at $505.37/share.
- Shares owned after the transactions: Not reported in the filing.
- Footnotes: Vesting tied to performance metrics — one award vested at 200% of target for Adjusted Operating Profit Margin (F1); the other vested at 170% of target for Relative Total Shareholder Return vs. S&P Capital Goods 900 (F3). F2 notes shares were withheld to pay taxes.
Context These transactions reflect the vesting of time-/performance-based equity awards, not an independent open-market sale by the insider. The withholding of a portion of the vested shares to cover tax liabilities is a routine administrative step and should not be interpreted as a discretionary sale signal. The awards were originally granted Feb 7, 2023 and vested based on company performance metrics.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+548→ 5,037 total - Tax Payment
Common Stock
[F2]2026-02-10$505.37/sh−167$84,397→ 4,870 total - Award
Common Stock
[F3]2026-02-10+464→ 5,334 total - Tax Payment
Common Stock
[F2]2026-02-10$505.37/sh−141$71,257→ 5,193 total
Footnotes (3)
- [F1]Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 200% of the target amount of the Company's Adjusted Operating Profit Margin (adjusted operating income as a percentage of net sales).
- [F2]Shares withheld for payment of taxes upon vesting of performance shares.
- [F3]Shares of the Company's Common Stock acquired upon the vesting of a performance share award granted on February 7, 2023, which vested at 170% of a target amount of the Company's Relative Total Shareholder Return (average of the last 20 trading days of the preceding performance period compared to the average of the last 20 trading days of the performance period, with dividends reinvested as shares), as compared to the companies that comprise the S&P Capital Goods 900 Index.