Panzer Jon 4
4 · Hyliion Holdings Corp. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Hyliion (HYLN) CFO Jon Panzer Receives RSU and PSU Awards
What Happened
Jon Panzer, Chief Financial Officer of Hyliion Holdings Corp. (HYLN), received equity awards on February 11, 2026. He was granted 100,610 restricted stock units (RSUs) with an indicated value of $2.05 per share (total $206,250) and 301,830 performance stock units (PSUs) reported as a derivative award with no immediate cash value (contingent).
Key Details
- Transaction date: February 11, 2026; Form filed February 13, 2026 (appears timely under the two-business-day rule).
- Reported items: 100,610 RSUs at $2.05 (value $206,250) and 301,830 PSUs (derivative award, $0 reported now). Transaction code: A = Award/Grant.
- Vesting / contingencies:
- RSUs: 1/3 vests Feb 11, 2027; remaining 2/3 vest quarterly in equal amounts over the following two years (Footnote F1).
- PSUs: contingent on achieving closing price thresholds of $4.00–$7.00 (measured over 90–180 calendar-day averages) by Dec 31, 2028 (Footnote F2).
- Shares owned after the transaction: not specified in the provided data — see the filed Form 4 for the total beneficial ownership figure.
Context
These were equity grants (awards), not open-market purchases or sales. RSU grants provide a clear deferred compensation/retention mechanism; PSUs are performance‑based and will only convert to shares if specified stock-price goals are met within the stated performance window. Awards do not by themselves indicate the insider is buying or selling stock in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-11$2.05/sh+100,610$206,250→ 973,960 total - Award
Performance Stock Incentive Units
[F2]2026-02-11+301,830→ 301,830 totalFrom: 2028-12-31Exp: 2028-12-31→ Common Stock (301,830 underlying)
Footnotes (2)
- [F1]The Reporting Person received a grant of restricted stock units ("RSU Award") pursuant to the Issuer's 2024 Equity Incentive Plan. One-third (1/3) of the RSU Award will vest on February 11, 2027, and the remaining two-thirds (2/3) of the RSU Award will vest quarterly in equal amounts over a two-year period thereafter.
- [F2]The Reporting Person received a grant of performance stock incentive units ("PSU Award") pursuant to the Issuer's 2024 Equity Incentive Plan. The award is contingent upon achieving underlying closing stock price thresholds ranging from $4.00 to $7.00 per share over a 90 to 180-calendar-day average by December 31, 2028.