Jones Eifion 4

What Happened

• Eifion Jones, Senior Vice President and Chief Financial Officer of Hayward Holdings (HAYW), exercised stock options and sold the underlying shares on March 9, 2026. The filing shows an exercise of 15,000 shares at a $1.40 strike (cost $21,000) and an open‑market sale of the 15,000 shares at $14.57 each for total proceeds of $218,550. The same filing also reports a 15,000‑share exercise/conversion of a derivative at $0.00; the filing does not further describe the nature of that zero‑price conversion.
• This sequence (exercise followed by same‑day sale) is a sale of shares rather than a purchase, commonly used to monetize vested options or cover exercise costs.

Key Details

• Transaction date: March 9, 2026.
  • Option exercise: 15,000 shares @ $1.40 = $21,000 (code M).
  • Open‑market sale: 15,000 shares @ $14.57 = $218,550 (code S).
  • Additional conversion: 15,000 shares @ $0.00 reported as derivative exercise/conversion (code M).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnotes: Transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted Dec 8, 2025 (F1). The option vested in full on April 20, 2025 (F2).
• Filing timeliness: Reported on March 10, 2026 for transactions on March 9, 2026 — appears to be timely (not noted as late).

Context

• Because the options were exercised and the shares were sold the same day, this functions like a cashless exercise: the insider realized proceeds rather than adding to a long‑term holding. The 10b5‑1 plan disclosure indicates the trades were preplanned and executed under a predefined schedule. The filing does not provide additional explanation for the zero‑price derivative conversion.