Mikes Mark Eugene 4

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.