Form 4: Hayward Holdings CEO Kevin Holleran Executes Stock Options and Sells Shares
SEC Form 4 Filing
Kevin Holleran, President and CEO of Hayward Holdings, exercised stock options and sold shares on May 6, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 6, 2024, Kevin Holleran, the President and CEO of Hayward Holdings, exercised stock options to acquire 42,857 shares of common stock at a price of $1.40 per share.
- Simultaneously, Holleran sold 42,857 shares of common stock at a weighted average price of $14.3613 per share, with individual transactions ranging from $14.22 to $14.43.
- Following these transactions, Holleran directly owns 522,799 shares of Hayward Holdings common stock.
- He also indirectly owns 700 shares each through Child A, Child B, and Child C.
- Holleran continues to hold options to purchase 3,509,999 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation. The sale of shares could be seen as slightly negative, but it's a small portion of overall holdings and option grants.
Industry Context
This filing reflects insider trading activity, which is closely monitored by investors for insights into management's perspective on the company's value and future prospects. Option exercises and sales are a normal part of executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the size of the transactions relative to the total outstanding shares.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock option exercise and stock sale. |
| 12/24/2029 | Expiration date of stock options. |
| 08/12/2024 | Date when the remaining 10% of the initial underlying shares of Common Stock initially awarded will vest. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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