Kennedy Carly 4
4 · Holley Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Holley (HLLY) EVP Carly Kennedy Receives RSUs; Shares Withheld
What Happened
- Carly Kennedy, Executive Vice President & General Counsel of Holley Inc. (HLLY), was granted restricted stock units (RSUs) and simultaneously had shares withheld to cover tax obligations upon vesting. The filing reports grants of 77,277 RSUs (granted 2026-03-13) and 3,240 RSUs (granted 2026-03-21) — total 80,517 RSUs granted. To cover tax withholding on vested awards, 7,647 shares were withheld on 2026-03-04 ($26,459), 24,263 shares on 2026-03-08 ($81,524), and 26,784 shares on 2026-03-21 ($72,852). The withheld shares were dispositions (code F) to satisfy tax liabilities; the grants are reported as awards (code A).
Key Details
- Transactions and amounts:
- 2026-03-04: 7,647 shares withheld for taxes at $3.46 — $26,459 (F; related to vesting of 19,431 restricted shares; see F1).
- 2026-03-08: 24,263 shares withheld for taxes at $3.36 — $81,524 (F; related to vesting of 61,656 restricted shares; see F2).
- 2026-03-13: Grant of 77,277 RSUs (A) — $0 reported at grant; RSUs vest in equal (or nearly equal) installments on March 13 of 2027, 2028 and 2029 subject to continued employment (see F3).
- 2026-03-21: Grant of 3,240 RSUs (A) and 26,784 shares withheld for taxes at $2.72 — $72,852 (F; see F5). Footnote F4 notes a 110% payout on performance-based RSUs for FY2025 (an extra 10% above target).
- Net reported withheld/disposed shares: 58,694; total cash value of withheld shares reported: $180,835.
- Shares owned after these transactions: not specified in the provided filing details.
- Transaction codes explained: A = Award/Grant (RSUs); F = Payment of exercise price or tax liability (shares withheld to cover taxes).
- Filing timeliness: The Form 4 was filed on 2026-04-29 for transactions beginning 2026-03-04 — the filing appears late, which reduces immediate transparency.
Context
- These transactions are primarily tax-withholding events tied to vesting and new RSU grants. Withheld shares (F) are not open-market sales reflecting a directional bet; they are routine shares retained to cover tax obligations when awards vest. The 77,277 RSUs granted on 3/13 vest over three years (2027–2029). The filing also indicates the company achieved 110% payout on certain performance RSUs for FY2025, producing additional shares above target (F4).
Insider Transaction Report
Form 4
Holley Inc.HLLY
Kennedy Carly
EVP & General Counsel
Transactions
- Tax Payment
Common Stock
[F1]2026-03-04$3.46/sh−7,647$26,459→ 418,801 total - Tax Payment
Common Stock
[F2]2026-03-08$3.36/sh−24,263$81,524→ 394,538 total - Award
Common Stock
[F3]2026-03-13+77,277→ 471,815 total - Award
Common Stock
[F4]2026-03-21+3,240→ 475,055 total - Tax Payment
Common Stock
[F5]2026-03-21$2.72/sh−26,784$72,852→ 448,271 total
Footnotes (5)
- [F1]This amount represents shares automatically withheld upon the vesting of 19,431 restricted shares of common stock on March 4, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 4, 2026.
- [F2]This amount represents shares automatically withheld upon the vesting of 61,656 restricted shares of common stock on March 8, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 6, 2026.
- [F3]Represents a grant of restricted stock units pursuant to the Issuer's 2021 Omnibus Incentive Plan. Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock. These restricted stock units will vest in equal, or nearly equal, installments on March 13 of each of 2027, 2028, and 2029, subject to the reporting person's continuous employment through such date.
- [F4]This amount reflects additional shares issued upon the vesting of performance-based restricted stock units. The number of shares delivered was determined based on the Company's achievement of applicable performance metrics for fiscal year 2025, consisting of Revenue and EBITDA goals. The Company achieved a 110% payout for the relevant performance period, representing an additional 10% of shares above the target award.
- [F5]This amount represents shares automatically withheld upon the vesting of 68,062 restricted shares of common stock on March 21, 2026, to cover required tax withholding. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on March 20, 2026.
Signature
/s/ Carly Kennedy|2026-04-29