Form 4: Michael Dell Reports Charitable Gifts of Hayward Holdings Stock

Michael Dell, a director of Hayward Holdings, Inc., reported gifting 1,800,000 shares of common stock to charitable entities over three days.

Summary

• Michael Dell, a director at Hayward Holdings, Inc., has reported gifting a total of 1,800,000 shares of common stock to charitable entities.
• These gifts were made in three separate transactions of 600,000 shares each on November 7, 2024, November 8, 2024, and November 12, 2024.
• The shares were gifted at a price of $0 per share.
• Following these transactions, Mr. Dell directly owns 12,821,534 shares of common stock.
• Additionally, Mr. Dell indirectly owns 5,462,739 shares through various entities including MSD Private Capital Investments, L.P., MSD Portfolio L.P. SLD Personal Income, MSD Portfolio L.P. MSD Personal Income, MSD Portfolio L.P. Investments, and MSD Capital, L.P.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction (charitable gift) by a company insider. It is neither overwhelmingly positive nor negative for the company's financial health. The sentiment is neutral to slightly positive due to the charitable nature of the transaction.

Positives

• The charitable gifts may be viewed positively by the public and stakeholders.
• The gifts do not represent a sale of shares, so there is no negative impact on the market from a large sell order.

Risks

• The reduction in direct share ownership could potentially reduce Mr. Dell's direct influence on the company, although his indirect ownership remains substantial.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider and is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The gifting of shares to charitable entities is a common practice among high-net-worth individuals and corporate executives.
• The level of detail provided in the filing is consistent with SEC requirements for Form 4 disclosures.

Stakeholder Impact

• The charitable gifts may enhance the company's reputation among stakeholders.
• The reduction in direct share ownership by Mr. Dell may have a minor impact on shareholder perception.

Key Dates

Keywords

Hayward Holdings, Michael Dell, charitable gift, stock, share ownership, MSD Capital, Form 4