Brown Kevin D. 4
Research Summary
AI-generated summary
Hayward (HAYW) Director Kevin D. Brown Receives RSU Award — 1,329 units
What Happened
Kevin D. Brown, a director of Hayward Holdings, Inc. (HAYW), was granted 1,329 restricted stock units (RSUs) on February 27, 2026. The reported acquisition price is $0.00 (no cash paid). The filing lists the grant as an award (code A) and reports $0 total consideration on the Form 4.
Key Details
- Transaction date: 2026-02-27 (reported on Form 4 filed 2026-03-03) — filing was within the 2-business-day window following the transaction.
- Security and amount: 1,329 restricted stock units (RSUs) granted, reported at $0.00 per unit.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Each RSU represents the right to one share of common stock; the RSUs vest on December 31, 2026 only if the reporting person remains in continuous service through that date.
- Transaction type: Award/grant (not a market purchase or sale); no 10b5-1 plan, tax-withholding, or sale details provided in the supplied data.
Context
RSU grants are a form of compensation and do not immediately transfer tradable shares — they convert to shares only upon vesting and meeting service conditions. Such awards are common for directors and executives and are different from open-market purchases (which some investors view as a stronger bullish signal). This Form 4 does not indicate any immediate sale or exercise; it simply records the grant and the vesting contingency.