DEL NERO JONATHAN M. 4
4 · HUBBELL INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Hubbell (HUBB) VP Controller Jonathan Del Nero Receives Award
What Happened
Jonathan M. Del Nero, Vice President & Controller of Hubbell Inc., received 569 shares upon vesting of performance share awards on Feb 10, 2026 (two grants: 308 and 261 shares). The awards vested at no cash purchase price (code A). To satisfy tax withholding (code F), 99 shares (valued at $50,032) and 82 shares (valued at $41,440) were withheld at an indicated price of $505.37/share. Net new shares delivered to him were 388 (569 vested − 181 withheld). Implied total market value of the vested shares was about $287,556.
Key Details
- Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (filed within the normal reporting window).
- Items reported: Two vesting events (Code A) and corresponding tax-withholding dispositions (Code F).
- Withheld shares: 99 shares ($50,032) and 82 shares ($41,440) at $505.37 per share. Total tax withholding ≈ $91,472.
- Vested shares: 308 and 261 (total 569); net received = 388 shares.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: Vesting relates to performance awards granted Feb 7, 2023 — one vested at 200% of Adjusted Operating Profit Margin (F1) and the other at 170% of Relative Total Shareholder Return vs. the S&P Capital Goods 900 Index (F3). F2 notes shares were withheld to cover taxes.
Context
These were performance-based awards vesting, not open-market sales or purchases. The F-code entries reflect shares withheld to cover tax liabilities (a common, administrative step) rather than a cash sale—so this filing mainly documents compensation vesting and tax withholding rather than a directional trade by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+308→ 3,077 total - Tax Payment
Common Stock
[F2]2026-02-10$505.37/sh−99$50,032→ 2,978 total - Award
Common Stock
[F3]2026-02-10+261→ 3,239 total - Tax Payment
Common Stock
[F2]2026-02-10$505.37/sh−82$41,440→ 3,157 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.