Form 4: Hayward Holdings Director Acquires Stock Units
Statement of Changes in Beneficial Ownership
Kevin D. Brown, a Director at Hayward Holdings, Inc., acquired 10,608 restricted stock units on May 21, 2026, as part of his compensation.
Summary
- Director Kevin D. Brown acquired 10,608 restricted stock units (RSUs) on May 21, 2026.
- These RSUs represent the contingent right to receive one share of Hayward Holdings' common stock.
- The RSUs are scheduled to vest on May 21, 2027, or at the 2027 annual meeting, provided continuous service as a director.
- Following this acquisition, Mr. Brown beneficially owns 3,221,432 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard equity award to a director rather than a significant financial event or strategic shift.
Positives
- Director compensation through equity awards indicates alignment of management interests with shareholders.
- The acquisition of RSUs by a director suggests continued commitment to the company.
Risks
- Vesting of RSUs is contingent upon continuous service as a director, implying a risk of forfeiture if service is terminated before the vesting date.
Future Outlook
The restricted stock units granted to Kevin D. Brown are set to vest on May 21, 2027, or at the 2027 annual meeting, contingent on his continued service as a director.
Industry Context
StockSavvy.ai notes that the issuance of restricted stock units to directors is a common practice in the technology and manufacturing sectors, including companies like Hayward Holdings, to incentivize long-term performance and align executive interests with shareholders.
Stakeholder Impact
- Shareholders: The equity award aligns director incentives with long-term shareholder value creation.
Next Steps
- Kevin D. Brown to remain in continuous service with the Issuer's board of directors through the vesting date of May 21, 2027, or the 2027 annual meeting to receive the vested shares.
Key Dates
| Date | Description |
|---|---|
| 05/21/2026 | Transaction Date: Acquisition of restricted stock units by Kevin D. Brown. |
| 05/21/2027 | Vesting Date (earlier of): Restricted stock units vest on this date or the 2027 annual meeting, subject to continuous service. |
| 05/26/2026 | Signature Date: Date of signature on the Form 4 filing. |
Keywords
Hayward Holdings, HAYW, Form 4, SEC Filing, Director, Restricted Stock Units, RSU, Equity Award, Beneficial Ownership
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