Form 4: Helios Technologies CFO Sean Bagan Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Helios Technologies, Sean Bagan, reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On October 1, 2024, Sean Bagan, the CFO of Helios Technologies, Inc., had 770 restricted stock units (RSUs) vest.
- These RSUs converted into 770 shares of common stock at a price of $47.35 per share.
- Following this transaction, Bagan directly owns 6,270 shares of common stock and 1,542 restricted stock units.
- The RSUs vest in three equal installments on each anniversary of the grant date.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock-based compensation, neither particularly positive nor negative.
Positives
- The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of RSU vesting and common stock acquisition |
| 10/03/2024 | Date of Form 4 filing |
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