LANE KATHERINE ANNE 4
Research Summary
AI-generated summary
Hubbell (HUBB) GC Katherine Lane Receives Award; 456 Shares Withheld
What Happened
- Katherine (Kate) Lane, Executive Vice President, General Counsel & Secretary of Hubbell Inc. (HUBB), had a performance share award vest on May 5, 2026. She was credited with 984 shares (award/acquisition, code A). To cover tax withholding, 456 of those shares were surrendered (code F) at $513.18 per share, totaling $234,010. Net shares retained from this vesting = 528 shares.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (filed two days after the transaction).
- Awarded/acquired: 984 shares at $0.00 per share (vesting of performance shares).
- Shares withheld/disposed for taxes: 456 shares at $513.18 each = $234,010.
- Net shares received from this vesting: 984 − 456 = 528 shares retained by the insider.
- Footnotes: F1 — the award was a performance share granted Feb 7, 2023 that vested at 147% of target based on relative sales growth vs. the S&P Capital Goods 900 Index over three years. F2 — shares were withheld to satisfy tax withholding upon vesting.
- Shares owned after the transaction: not specified in the filing.
Context
- This was not a cash purchase or a market sale; it was the vesting of a performance-based equity award. The withholding of shares to cover taxes is a routine, administrative step (code F) and does not necessarily indicate a change in insider sentiment. The Form 4 was filed within the typical two-business-day window.