Form 4: Hayward Holdings Officer Forfeits Shares for Tax

Hayward Holdings' VP, Chief Engineering Officer, Kevin Gallagher, forfeited 1,683 shares of common stock to cover tax withholding obligations from restricted stock unit vesting.

Summary

• Kevin Gallagher, VP, Chief Engineering Officer at Hayward Holdings, Inc. (HAYW), forfeited 1,683 shares of common stock.
• The forfeiture occurred on August 1, 2025, at a price of $15.38 per share.
• This transaction was to satisfy tax withholding obligations incurred upon the vesting of restricted stock units.
• No shares were sold by Mr. Gallagher in this transaction.
• Following this transaction, Mr. Gallagher beneficially owns 25,249 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event related to executive compensation (tax withholding upon RSU vesting). It does not indicate any positive or negative discretionary action by the insider or the company's financial health.

Positives

• The transaction is a routine, non-discretionary event related to compensation, indicating normal course of business for executive compensation.
• No shares were sold by the reporting person, suggesting continued long-term holding intent.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves an executive officer (Kevin Gallagher) and the company (Hayward Holdings, Inc.), which constitutes a related party transaction.
• The transaction is a forfeiture of shares to the company to satisfy tax obligations related to restricted stock unit vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale into the open market. It reflects standard executive compensation practices.
• Employees: No direct impact beyond the executive involved.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where an executive forfeited shares to cover tax obligations from RSU vesting. It is not a discretionary sale or purchase and therefore provides no new information to warrant a change in investment thesis or recommendation. It simply reflects standard executive compensation practices.

Keywords

Hayward Holdings, HAYW, SEC Form 4, Insider Transaction, Stock Forfeiture, Tax Withholding, Restricted Stock Units, Executive Compensation