Form 4: Hayward Holdings SVP Susan Canning Reports Stock Transactions

Susan Canning, SVP, CLO, and Corporate Secretary of Hayward Holdings, reported the acquisition and disposal of company stock, including shares forfeited for tax obligations and restricted stock units granted under the 2021 Equity Plan.

Summary

• On March 4, 2024, Susan Canning, SVP, CLO, and Corporate Secretary of Hayward Holdings, Inc., reported transactions involving the company's common stock.
• Canning forfeited 4,352 shares to cover tax withholding obligations at a price of $14.33 per share.
• She was also granted 34,111 restricted stock units (RSUs) under the 2021 Equity Plan, with each RSU representing the right to receive one share of common stock.
• These RSUs vest in three equal installments on March 4, 2025, March 4, 2026, and March 4, 2027, contingent upon continuous service with the Issuer.
• Following these transactions, Canning directly owns 72,932 shares of common stock and indirectly owns 535.43 shares through her children.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Positives

• The grant of restricted stock units aligns Canning's interests with the long-term performance of Hayward Holdings.
• The vesting schedule encourages continued service with the company.

Future Outlook

The restricted stock units will vest over the next three years, contingent on continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a key executive at Hayward Holdings.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to incentivize executives.
• Vesting schedules for restricted stock units typically range from three to five years, aligning with industry norms.
• The size of the RSU grant is likely determined by the company's compensation policies and the executive's performance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they reflect insider activity.
• The vesting of RSUs could potentially dilute existing shareholders over time.

Key Dates