FLYNN ALYSSA R 4
Research Summary
AI-generated summary
Hubbell CHRO Alyssa Flynn Receives Award; 252 Shares Withheld
What Happened
- Alyssa R. Flynn, Chief Human Resources Officer of Hubbell Inc. (HUBB), received 543 shares on 2026-05-05 as the vesting of a performance share award (transaction code A). The award shares were reported at $0.00 per share (no cash purchase).
- On the same date, 252 of those shares were disposed (transaction code F) to satisfy tax withholding obligations at a reported value of $513.18 per share, totaling approximately $129,321.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Award: 543 shares acquired upon vesting (code A), recorded at $0.00 per share.
- Withholding/disposition: 252 shares withheld for taxes (code F) at $513.18/share = ~$129,321.
- Footnote: The shares vested from a performance award granted Feb 7, 2023, and vested at 147% of target based on Hubbell’s relative sales growth vs. companies in the S&P Capital Goods 900 Index over three years (see footnote F1).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Filing type notes: A = award/grant; F = shares withheld for payment of taxes upon vesting (routine tax withholding).
Context
- This was a vesting of performance-based restricted stock, not an open-market purchase or an investment sale. The withholding of some shares to cover taxes is a common administrative step and is reported as a disposition but does not necessarily indicate a change in investment sentiment.
- For retail investors, awards signal compensation tied to company performance metrics; they are informative about executive pay alignment but are different from executives buying shares with cash.