HUBBELL INC·4

Feb 12, 5:01 PM ET

FLYNN ALYSSA R 4

Research Summary

AI-generated summary

Updated

HUBB CHRO Alyssa Flynn Receives Award; Shares Withheld for Taxes

What Happened

  • Alyssa R. Flynn, Chief Human Resources Officer of Hubbell Inc. (HUBB), received 1,328 shares as vested performance awards on Feb 10, 2026 (two awards granted Feb 7, 2023). Those shares were recorded as acquisitions at $0.00 (718 shares and 610 shares). To cover tax withholding, 589 shares were withheld/disposed (306 and 283 shares) at a valuation of $505.37 per share, totaling about $297,663 ($154,643 + $143,020).
  • These were awards vesting (code A) and tax withholding (code F), not open-market sales or purchases by the insider.

Key Details

  • Transaction date: Feb 10, 2026; filing date: Feb 12, 2026 (appears timely).
  • Awarded: 718 shares (vested at 200% of Adjusted Operating Profit Margin target) and 610 shares (vested at 170% of Relative TSR vs. S&P Capital Goods 900 Index). Both awards were originally granted Feb 7, 2023 (see footnotes F1 and F3).
  • Shares withheld for taxes: 306 and 283 shares valued at $505.37 each (footnote F2) to satisfy tax liability; total value withheld ≈ $297,663.
  • Shares owned after the transaction: not specified in the provided filing details.
  • No 10b5-1 plan or late-filing indicator was disclosed in the supplied information.

Context

  • This was a vesting of performance-based restricted stock (awards), not a purchase decision by the insider. The withheld shares are a routine tax-withholding method (common for vested equity) and should not be read as a typical open-market sale reflecting sentiment.
  • The vesting levels (200% and 170%) indicate the performance metrics were exceeded for those awards; the filing’s footnotes explain the specific metrics (Adjusted Operating Profit Margin and Relative TSR).