Form 4: Hayward Holdings Executive Dario Vicario Ramirez Reports Acquisition of Restricted Stock Units

Dario Vicario Ramirez, VP&GM of Europe & Rest of World at Hayward Holdings, reports the acquisition of 3,816 restricted stock units.

Summary

• On August 1, 2024, Dario Vicario Ramirez, VP&GM of Europe & Rest of World at Hayward Holdings, acquired 3,816 restricted stock units (RSUs).
• These RSUs represent the contingent right to receive one share of Hayward Holdings' common stock per unit.
• The RSUs vest in three equal installments on August 1, 2025, August 1, 2026, and August 1, 2027, contingent upon continuous service with the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and suggests confidence in the company's future, but it's not a major event.

Positives

• The acquisition of restricted stock units by a company executive signals confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock units indicates a long-term commitment from the executive to the company's success.

Industry Context

This type of equity compensation is common in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Granting restricted stock units is a typical practice among publicly listed companies like Hayward Holdings to incentivize executives.
• Comparable companies in the pool and spa equipment industry, such as Pentair and Fluidra, also utilize equity-based compensation as part of their executive remuneration packages.
• The vesting schedule of three years is a standard timeframe for such grants, aligning with long-term performance goals.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that management's interests are aligned with theirs.
• Employees may see this as a sign of stability and potential growth within the company.

Key Dates