Form 4: Hayward Holdings CEO Executes Pre-Arranged Stock Option Exercise and Share Sale

Sentiment:

Insider Transaction Report


Hayward Holdings, Inc. President and CEO Kevin Holleran exercised stock options and subsequently sold an equivalent number of common shares on July 3, 2025, under a Rule 10b5-1 trading plan.

Summary

  • Kevin Holleran, President and CEO, and Director of Hayward Holdings, Inc. (HAYW), reported transactions on July 3, 2025.
  • Exercised 60,571 stock options at an exercise price of $1.4 per share.
  • Sold 60,571 shares of common stock at a weighted average price of $14.1953 per share. The sales occurred in a price range from $14.10 to $14.345.
  • The transactions were conducted pursuant to a Rule 10b5-1 pre-arranged trading plan.
  • Following these transactions, Kevin Holleran directly beneficially owns 623,540 shares of common stock and 2,817,426 stock options.
  • Additionally, 700 shares are indirectly beneficially owned by Child A, 700 by Child B, and 700 by Child C.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the CEO profited significantly from the option exercise and sale, which is a positive for the individual. The transaction itself is routine and pre-planned, mitigating any negative market perception of insider selling.

Positives

  • The CEO realized a significant profit from exercising options at $1.4 and selling shares at an average of $14.1953, indicating a profitable return on his equity compensation.
  • The transaction was executed under a Rule 10b5-1 plan, which suggests a pre-scheduled sale not based on new, non-public information, enhancing transparency.

Negatives

  • The sale of shares by a key executive, even under a pre-arranged plan, could be perceived negatively by some investors, though this is mitigated by the 10b5-1 plan.

Risks

  • While the sale was pre-arranged, significant insider selling, even under a 10b5-1 plan, can sometimes be interpreted by the market as a lack of confidence, potentially leading to minor downward pressure on the stock.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

  • The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide broader industry context or trends. It reflects an individual executive's compensation and personal financial planning rather than a strategic industry move.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Trading Plan DisclosureThe transaction was conducted under a Rule 10b5-1 plan, which is a pre-arranged trading plan designed to allow insiders to sell company stock without concerns about insider trading, demonstrating adherence to corporate governance best practices regarding insider transactions.07/03/2025Enhances transparency and mitigates potential concerns regarding insider trading, aligning with regulatory compliance.

Related Party Transactions

  • Indirect beneficial ownership of 700 shares each by Child A, Child B, and Child C, totaling 2,100 shares, is disclosed.

Stakeholder Impact

  • Shareholders: The transaction is a routine insider sale under a pre-arranged plan, which typically has minimal direct impact on shareholders beyond the disclosure of an executive's personal equity management.
  • Employees: No direct impact on employees is indicated by this filing.
  • Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

  • The document does not specify any future actions, events, or milestones for the company or the reporting person beyond the reported transaction.

Key Dates

DateDescription
08/12/2021Date stock options became exercisable.
07/03/2025Date of stock option exercise and common stock sale transactions.
07/07/2025Date the Form 4 was signed.
12/24/2029Expiration date of the stock options.

Keywords

Hayward Holdings, HAYW, Form 4, insider trading, stock options, CEO, Kevin Holleran, share sale, equity compensation, 10b5-1 plan, beneficial ownership

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