Form 4: Hayward Holdings SVP, CLO, Corporate Secretary Susan M. Canning Reports Changes in Beneficial Ownership

Susan M. Canning, SVP, CLO, and Corporate Secretary of Hayward Holdings, Inc., reports the acquisition of restricted stock units and the forfeiture of shares to cover tax obligations.

Summary

• On February 28, 2025, Susan M. Canning acquired 23,465 shares of common stock through restricted stock units granted under the 2021 Equity Plan at a price of $0.
• These restricted stock units vest in three equal installments on February 28, 2026, February 28, 2027, and February 28, 2028, contingent upon continuous service with Hayward Holdings, Inc.
• On March 3, 2025, Canning forfeited 4,361 shares of common stock at $14.49 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Canning directly owns 86,800 shares of common stock and indirectly owns 535.43 shares through children.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and tax obligations, indicating a neutral sentiment.

Positives

• The grant of restricted stock units aligns Canning's interests with the long-term performance of Hayward Holdings, Inc.

Negatives

• The forfeiture of shares to cover tax obligations reduces Canning's holdings of common stock.

Risks

• The vesting of restricted stock units is contingent upon Canning's continuous service with Hayward Holdings, Inc.
• Changes in tax laws could impact the amount of shares forfeited to cover tax obligations in the future.

Future Outlook

The restricted stock units will vest in three equal installments on February 28, 2026, February 28, 2027, and February 28, 2028, provided Canning remains in continuous service.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company executive, which is common in publicly traded companies. It reflects part of the executive compensation structure, aligning executive interests with shareholder value.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to incentivize executives.
• The vesting schedule of the restricted stock units (three equal installments over three years) is a typical vesting arrangement.
• Forfeiting shares to cover tax obligations upon vesting of equity awards is a common practice.

Stakeholder Impact

• The grant of restricted stock units aligns the executive's interests with those of shareholders.
• The forfeiture of shares to cover tax obligations has a minimal impact on overall shareholder value.

Key Dates