Form 4: Hayward Holdings CEO Exercises Options, Sells Shares
Insider Transaction Report
Hayward Holdings, Inc. President and CEO Kevin Holleran executed an option exercise and subsequent sale of common stock under a Rule 10b5-1 plan.
Summary
- Kevin Holleran, President and CEO, and a Director of Hayward Holdings, Inc. (HAYW), reported transactions on September 3, 2025.
- Mr. Holleran acquired 60,571 shares of Common Stock by exercising stock options at a price of $1.4 per share.
- Immediately following the exercise, he disposed of 60,571 shares of Common Stock at a weighted average price of $15.7183 per share.
- The sale price ranged from $15.59 to $15.8050 per share.
- These transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Mr. Holleran directly owns 623,540 shares of Common Stock and indirectly owns 700 shares each through three separate children.
- He also beneficially owns 2,696,284 derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: The filing details a routine insider transaction (option exercise and sale) under a pre-arranged 10b5-1 plan, which is generally considered neutral in terms of company-specific sentiment, despite the individual profit realized by the CEO.
Positives
- The CEO realized a significant profit from the option exercise and sale, indicating a substantial increase in the company's stock value since the options were granted.
- The transaction was conducted under a Rule 10b5-1 plan, demonstrating pre-planned and transparent insider trading practices.
Negatives
- The sale of shares by a key executive, even under a 10b5-1 plan, reduces their direct equity stake in the company.
Industry Context
This filing is a routine disclosure of an insider transaction and does not provide information directly related to broader industry trends or competitor performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | 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). | 09/03/2025 | Enhances transparency and reduces the perception of opportunistic insider trading. |
Related Party Transactions
- Indirect beneficial ownership of 700 shares of Common Stock each by Child A, Child B, and Child C.
Stakeholder Impact
- Shareholders: The transaction is a routine insider disclosure and does not directly impact company operations or strategy. The CEO's profit from options reflects past stock performance.
- Management: The CEO diversified a portion of his equity holdings while retaining a significant stake and substantial derivative holdings.
Key Dates
| Date | Description |
|---|---|
| 08/12/2021 | Date exercisable for stock options |
| 12/24/2029 | Expiration date for stock options |
| 09/03/2025 | Transaction date for option exercise and share sale |
| 09/04/2025 | Signature date of reporting person's attorney-in-fact |
Keywords
Hayward Holdings, HAYW, Kevin Holleran, Insider Trading, Form 4, Stock Options, CEO, Share Sale, 10b5-1 Plan
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