Form 4: Hayward Holdings CEO Kevin Holleran Reports Changes in Beneficial Ownership

Kevin Holleran, President and CEO of Hayward Holdings, reports acquisition of restricted stock units and forfeiture of shares to cover tax obligations.

Summary

• On February 28, 2025, Kevin Holleran, the President and CEO of Hayward Holdings, acquired 138,027 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the company's 2021 Equity Plan and vest in three equal installments on February 28, 2026, February 28, 2027, and February 28, 2028, contingent upon continuous service with the Issuer.
• On March 3, 2025, Holleran forfeited 18,255 shares of common stock at a price of $14.49 to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Holleran directly owns 642,571 shares of common stock.
• Holleran also indirectly owns 700 shares each through Child A, Child B, and Child C.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and tax obligations.

Positives

• The grant of restricted stock units to the CEO aligns his interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CEO.

Negatives

• The forfeiture of shares to cover tax obligations reduces the CEO's overall holdings, although this is a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern executive compensation and tax obligations.

Key Dates