HMH (HMH) CAO Hunain Qureshi Receives Award

What Happened

• Hunain Qureshi, Chief Accounting Officer of HMH Holding Inc. (HMH), had 3,060 performance-based restricted stock units (RSUs) vest on Sept. 3, 2026. The vested shares are reported at $19.26 per share, totaling $58,936.
• To satisfy tax withholding obligations, 1,205 vested shares were withheld (disposed) at the same $19.26 per-share value, equal to $23,208. After withholding, Qureshi retained a net of 1,855 shares (net value ≈ $35,728).
• This was an award/vesting event (code A) with a related tax-withholding disposal (code F), not an open-market buy or sell. Such withholdings are routine compensation settlements rather than a market sentiment trade.

Key Details

• Transaction dates: September 3, 2026 (vesting and tax withholding); Form 4 filed September 4, 2026 (timely filing).
• Prices and values: 3,060 shares @ $19.26 = $58,936 (awarded); 1,205 shares @ $19.26 = $23,208 (withheld); net retained 1,855 shares (~$35,728).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: The 3,060 RSUs were performance-based awards granted April 2, 2026, tied to three-year EBITDA performance vs. peers (9/1/2023–8/31/2026); the Compensation Committee certified achievement at 50%, resulting in the RSUs becoming earned at the target amount granted.
  • F2: The 1,205 shares were withheld to satisfy tax withholding; the net settlement was approved by the board under Rule 16b-3.

Context

• Performance-based RSUs vest when specified company performance and service conditions are met; the reported disposal is a standard tax-withholding net settlement, not a market sale.
• For retail investors, award vesting shows executive compensation being realized but does not necessarily indicate the insider’s view on the company’s stock price.