Form 4: Hayward Holdings HR SVP Forfeits Shares for Tax
Insider Transaction Report
Hayward Holdings' SVP of Human Resources, Raymond H Lewis JR, forfeited 1,247 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Raymond H Lewis JR, SVP, Chief Human Resources of Hayward Holdings, Inc. (HAYW), reported a change in beneficial ownership.
- On August 1, 2025, 1,247 shares of common stock were forfeited to the company.
- This forfeiture was to satisfy tax withholding obligations incurred upon the vesting of restricted stock units.
- The shares were valued at $15.38 per share for this transaction.
- Following this transaction, Raymond H Lewis JR directly owns 34,795 shares of Hayward Holdings common stock.
- No shares were sold by the reporting person in this transaction.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction where shares were forfeited to cover tax withholding obligations upon the vesting of restricted stock units. This is a standard and expected event for equity compensation and does not indicate a positive or negative operational or strategic development for the company.
Positives
- The transaction represents a forfeiture of shares to cover tax obligations, not an open market sale by the insider, which is generally viewed as a less negative event.
- The underlying event is the vesting of restricted stock units, indicating that equity compensation is being realized by management, which can align management incentives with shareholder interests.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This filing details a routine insider transaction related to equity compensation, which is a common practice across various industries to align management incentives with shareholder interests. It does not provide specific insights into broader industry trends or competitive dynamics.
Comparison to Industry Standards
- The forfeiture of shares to cover tax obligations upon the vesting of restricted stock units is a standard and common practice for equity compensation across publicly traded companies. This mechanism allows executives to realize the value of their vested equity without needing to sell additional shares on the open market to cover tax liabilities, which is consistent with typical corporate governance and compensation structures.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- The transaction involves the forfeiture of shares to the company to satisfy tax withholding obligations related to the vesting of restricted stock units, which is a standard component of executive compensation.
Stakeholder Impact
- Shareholders: The transaction is a routine part of executive compensation, indicating that equity incentives are vesting and being realized by management, which can align management interests with shareholder value.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 08/01/2025 | Date of transaction (forfeiture of shares) |
| 08/04/2025 | Signature date of the filing |
Keywords
Hayward Holdings, HAYW, Form 4, Insider Transaction, Stock Forfeiture, Tax Withholding, Restricted Stock Units, Equity Compensation, Raymond H Lewis JR
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