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

Michael Dell, a director and 10% owner of Hayward Holdings, Inc., reported gifting a total of 1,800,000 shares of common stock to charitable entities between October 31, 2024, and November 4, 2024.

Summary

• Michael Dell, a director and significant shareholder of Hayward Holdings, Inc. (HAYW), filed a Form 4 with the SEC.
• The filing details the gifting of 600,000 shares of HAYW common stock on each of the following dates: October 31, 2024, November 1, 2024, and November 4, 2024.
• These gifts were made to charitable entities.
• The price per share for these transactions is listed as $0, indicating a donation.
• Following these transactions, Michael Dell directly owns 15,280,173 shares of Hayward Holdings, Inc.
• He also indirectly owns 10,227,559 shares through various entities including MSD Private Capital Investments, L.P., MSD Portfolio L.P. SLD Personal Income, and MSD Portfolio L.P. MSD Personal Income.
• Mr. Dell disclaims beneficial ownership of these indirectly held securities except to the extent of any pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a report of stock gifts, which doesn't inherently indicate positive or negative sentiment about the company's performance. The gifts to charity could be seen as a positive, but the overall impact on the stock is likely minimal.

Positives

• The charitable gifts may be viewed positively from a public relations standpoint.

Management Comments

• Mr. Dell disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's fundamentals or outlook. However, large transactions by significant shareholders are often monitored by investors.

Stakeholder Impact

• The charitable organizations receiving the stock will benefit from the donation.
• The impact on shareholders is likely minimal, as the transactions represent a small percentage of the total outstanding shares.

Key Dates