Hyliion (HYLN) CFO Jon Panzer Receives 134,667 Shares from PSU Vesting

What Happened
Jon Panzer, Chief Financial Officer of Hyliion (HYLN), converted derivative securities tied to performance stock incentive units (PSUs) into a total of 134,667 common shares on September 30, 2026 (two conversions: 59,210 and 75,457 shares). The Form 4 reports the conversions at $0.00 per share (no cash paid on conversion); the filing shows both acquisition of common shares and disposition of the related derivative securities (standard reporting when PSUs convert to stock).

Key Details

• Transaction date: September 30, 2026; Form 4 filed October 1, 2026 (filed timely).
• Reported share amounts: 59,210 shares and 75,457 shares — total 134,667 shares. Reported price per share on conversion: $0.00 (conversion of derivative securities).
• Shares owned after the transaction: not specified in the summary provided — see the full Form 4 for post-transaction holdings.
• Footnotes of note:
  • F1/F2: Market conditions for these PSU portions were met on Sept 28, 2026 and approved Sept 30, 2026. Some vested PSUs will be issued in future installments (half on 9/30/2027 and the remainder on 12/31/2027 for one portion; other vested PSUs issued 12/31/2028).
  • F3/F4: Portions of the PSU awards vested because closing price thresholds were met (25% and 20% tranches vested upon a $4.00-per-share, 180-calendar-day average condition).
• No indication of a sale — this was conversion/issuance of vested PSUs (typically not a directional buy/sell signal).

Context

• These entries are derivative-to-common-stock conversions: the simultaneous “acquired” and “disposed” lines reflect conversion of the PSU (derivative) into ordinary shares. The $0.00 reporting reflects no purchase price on conversion; the economic value equals the market value of the shares when issued (not shown on the Form 4).
• Because these are award vesting/convertibility events rather than open-market purchases or sales, they mainly reflect compensation realization rather than an immediate trading decision. For full details (post-transaction holdings, exact award documents and schedules), review the complete Form 4 filing.