BAKKER GERBEN 4

What Happened
Gerben Bakker, Chairman, President & CEO of Hubbell Inc., had a performance share award vest on May 5, 2026, resulting in the acquisition of 5,781 shares of common stock (awarded at $0.00). To cover tax withholding, 2,679 of those shares were withheld/disposed at $513.18 per share, generating proceeds of $1,374,809. The net shares retained from the vesting were 3,102.

Key Details

• Transaction dates: Award vested and withholding occurred on 2026-05-05; Form 4 filed 2026-05-07 (timely).
• Award (A): 5,781 shares acquired @ $0.00 (vesting of performance shares).
• Withholding (F): 2,679 shares disposed @ $513.18 per share = $1,374,809 to cover taxes.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — Award granted Feb 7, 2023; vested at 147% of target based on the company’s relative sales growth vs. the S&P Capital Goods 900 Index over three years. F2 — Shares were withheld to pay taxes upon vesting.
• Timeliness: Filing appears timely (filed two days after the transaction).

Context
This was a vesting of performance-based restricted stock, not an open-market purchase or voluntary sale. The withholding of shares to satisfy tax obligations is a routine administrative action (a cashless tax withholding), not necessarily an indicator of the insider’s market view.