Davis Robert Dale 4
Research Summary
AI-generated summary
Hillman (HLMN) EVP Robert Dale Davis Receives RSU Award
What Happened
Robert Dale Davis, EVP — Global Supply Chain at Hillman Solutions (HLMN), was granted 24,570 restricted stock units (RSUs) on 2026-03-07 (code A). To satisfy tax withholding related to the grant, 2,062 shares were surrendered/withheld (code F) at an indicated price of $8.14 per share, totaling $16,785. The RSU grant is reported as an acquisition at $0 because RSUs convert to shares only upon vesting.
Key Details
- Transaction date: 2026-03-07; Form 4 filed 2026-03-10. No late-filing flag indicated in the report.
- Grant: 24,570 RSUs (acquisition reported at $0 per RSU).
- Tax withholding/disposition: 2,062 shares withheld at $8.14 each = $16,785 (code F).
- Shares owned after the transactions: not specified in the provided filing details.
- Footnote: RSUs are contingent rights to receive one share per RSU on vesting; they vest in three equal annual installments beginning one year after grant, subject to continued employment.
Context
RSU grants are compensation awards, not open-market purchases, and only convert into actual shares as they vest. The withholding of shares to cover taxes is a routine administrative action and does not necessarily indicate a bullish or bearish view by the insider.