HMH CEO Eirik Bergsvik Receives Award; Shares Withheld for Taxes

What Happened

• Eirik Bergsvik, CEO of HMH Holding Inc (HMH), had 17,483 performance-based restricted stock units (RSUs) vest on Sept. 3, 2026, which were recorded as an acquisition of shares valued at $19.26 each (total $336,723). To satisfy tax withholding obligations upon vesting, 8,287 shares were withheld/disposed at the same $19.26 price for $159,608. Net shares retained by Bergsvik after withholding were 9,196.

Key Details

• Transaction dates: Vesting and acquisition recorded 2026-09-03; Form 4 filed 2026-09-04 (period of report 2026-09-03).
• Price per share: $19.26; gross value of vested RSUs: $336,723; shares withheld for taxes: 8,287 (value $159,608).
• Shares owned after transaction: Not disclosed in the provided excerpt; net newly issued shares kept by CEO = 9,196 (17,483 granted − 8,287 withheld).
• Footnotes: (F1) The RSUs were performance-based, tied to HMH’s EBITDA growth versus peers for the 9/1/2023–8/31/2026 period; the Compensation Committee certified performance at 50%, resulting in the grant being earned at the stated target. (F2) The 8,287-share withholding was a net settlement to satisfy tax obligations and was approved under Rule 16b-3.
• Filing timeliness: Form filed promptly the day after the reported transaction date (no late filing indicated).

Context

• These were performance-based RSUs that vested based on multi-year EBITDA performance; this is not an open-market purchase or sale driven by immediate trading. The withholding of shares for taxes is a routine cashless/net settlement mechanism and should not be interpreted as a directional bet by the insider.