DEL NERO JONATHAN M. 4
Research Summary
AI-generated summary
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.