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Holley Inc.·4

Apr 29, 6:00 PM ET

WEAVER JESSE 4

Research Summary

AI-generated summary

Updated

Holley (HLLY) CFO Jesse Weaver Receives RSUs; Shares Withheld

What Happened Jesse Weaver, Holley Inc.'s Chief Financial Officer, received equity awards (restricted stock units) totaling 116,603 RSUs in March 2026 and had 81,910 shares automatically withheld to cover tax obligations, resulting in dispositions valued at approximately $251,409. The RSU grants include 111,911 time‑based RSUs (vesting in equal installments on March 13 of 2027, 2028 and 2029) and 4,692 additional shares delivered upon achievement of 2025 performance goals (110% payout). The withheld shares were disposed of automatically at prices between $2.72 and $3.46 to satisfy tax withholding (routine, not open‑market sell orders).

Key Details

  • Transaction dates and prices:
    • 2026-03-04: 10,141 shares withheld @ $3.46 → $35,088 (tax withholding on 25,770 vested RSUs) (F1)
    • 2026-03-08: 32,983 shares withheld @ $3.36 → $110,823 (tax withholding on 83,815 vested RSUs) (F2)
    • 2026-03-13: 111,911 RSUs granted @ $0.00 (vest in 2027–2029) (A) (F3)
    • 2026-03-21: 4,692 performance shares granted @ $0.00 (A) — reflects 110% payout on FY2025 performance (F4)
    • 2026-03-21: 38,786 shares withheld @ $2.72 → $105,498 (tax withholding on 98,564 vested RSUs) (F5)
  • Total RSUs granted: 116,603; total shares withheld/disposed: 81,910; total value of withheld shares ≈ $251,409.
  • Shares owned after transaction: not specified in the provided filing excerpt — see the Form 4 for Weaver's post‑transaction holdings.
  • Notable: Withholdings were automatic tax withholding (transaction code F — routine, not market sales). RSUs (code A) are rights to receive shares upon vesting.
  • Filing timeliness: Report filed 2026-04-29 for March transactions — marked late (transactionTimeliness = 'L').

Context

  • RSUs are grants, not cash purchases; time‑based RSUs vest over future dates (so value realization is delayed). The performance add‑on reflects achievement of company Revenue/EBITDA targets for FY2025 (110% payout = 10% above target). Automatic withholding to cover taxes is common and should be viewed as tax‑related dispositions rather than a voluntary sale signaling sentiment.