Moore Scott Kelley 4
Research Summary
AI-generated summary
Hillman (HLMN) Moore Scott Kelley Receives RSU Award
What Happened
- Moore Scott Kelley, Divisional President — Robotics & Digital at Hillman Solutions (HLMN), was granted 21,498 restricted stock units (RSUs) on 2026-03-07. The RSUs are a contingent right to receive one share per RSU upon vesting.
- To satisfy tax withholding obligations related to the grant, a total of 5,855 shares were surrendered/withheld (4,098 shares at $8.14 = $33,358 and 1,757 shares at $8.14 = $14,302), totaling $47,660. These withholding dispositions are reported under transaction code F (tax withholding).
Key Details
- Transaction date: 2026-03-07; Form 4 filed: 2026-03-10.
- Grant: 21,498 RSUs (reported as an award/acquisition, code A) — no cash purchase price for the grant itself.
- Withholding: 4,098 shares @ $8.14 ($33,358) and 1,757 shares @ $8.14 ($14,302) used to satisfy tax liabilities (code F).
- Shares owned after the transactions: not specified in this filing.
- Footnote: The RSUs vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment (see footnote F1).
- No indication in the filing that this Form 4 was late.
Context
- These RSUs are a time-based compensation award, not an open-market purchase or exercise of options. The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal the insider’s view on the stock.
- For retail investors, awards increase potential future insider ownership if vesting conditions are met; tax-withholding disposals are common and typically neutral from a sentiment standpoint.