Healy Thomas J. 4

What Happened Thomas J. Healy, CEO of Hyliion Holdings Corp. (HYLN), received equity awards on Feb 11, 2026. The filing shows (1) 296,342 restricted stock units (RSUs) recorded at $2.05 per share (total value $607,501) and (2) 889,024 performance stock units (PSUs) reported as derivative awards with $0 immediate value because they are contingent on performance.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (appears timely).
• Award types: A = Grant/Award. 296,342 RSUs @ $2.05 (value $607,501); 889,024 PSUs @ $0 (derivative/contingent).
• Vesting (RSUs): One-third vests on Feb 11, 2027; remaining two-thirds vest quarterly in equal amounts over the following two years. (Footnote F1)
• PSU conditions (derivative): PSUs convert to shares only if closing-price thresholds ($4.00–$7.00) are met over 90–180 calendar-day averages by Dec 31, 2028. (Footnote F2)
• Shares owned after transaction: Not provided in the summary data supplied.
• Filing timeliness: Filed two days after the grant date; no late filing flag indicated.

Context RSUs are time-based compensation that will convert to shares as they vest; PSUs are performance-based and only convert if preset stock-price hurdles are met, so they carry no immediate economic value until conditions are satisfied. Awards are a common executive compensation tool and do not by themselves indicate an insider buying or selling shares in the open market.