Adinolfi Jon Michael 4
Research Summary
AI-generated summary
Hillman (HLMN) CEO Jon Adinolfi Receives RSU Award; Shares Withheld
What Happened
Jon Michael Adinolfi, President & CEO of Hillman Solutions Corp. (HLMN), was granted 184,275 restricted stock units (RSUs) on 2026-03-07 (reported on a Form 4 filed 2026-03-10). On the same date 19,767 shares were transferred/disposed in two withholding transactions to satisfy tax liabilities (9,784 shares at $8.14 = $79,642; 9,983 shares at $8.14 = $81,262; total ~$160,904). The RSUs were reported at $0 per share (award/grant).
Key Details
- Transaction date(s): 2026-03-07; Form 4 filed 2026-03-10 (Accession 0001822492-26-000030).
- Grant: 184,275 RSUs (code A) at $0.00.
- Withholding/tax: 9,784 shares disposed @ $8.14 = $79,642 and 9,983 shares disposed @ $8.14 = $81,262 (code F). Total withheld = 19,767 shares (~$160,904).
- Shares owned after transaction: not specified in the summary data provided in this request—see the full Form 4 for post-transaction beneficial ownership.
- Footnote: F1 = RSUs are contingent rights to receive one share per RSU upon vesting; they vest in three equal annual installments beginning on the first anniversary of grant, subject to continued employment.
- Filing timeliness: filing date is shown as Mar 10, 2026 for Mar 7, 2026 transactions (check the full Form 4 for any late-filing flag).
Context
- RSU grants are compensation awards, not open-market purchases; they represent a future right to shares subject to vesting conditions.
- Code F transactions typically reflect share withholding to cover tax obligations upon an award/vesting (not necessarily an independent sell decision).
- This activity should be viewed as executive compensation processing rather than a directional buy/sell signal.