4/A: Helios Technologies Executive Corrects Stock Option Grant in Amended SEC Filing
SEC Filing (Form 4/A Amendment)
Lee Francis Wichlacz, President of Electronics at Helios Technologies, amends a previous SEC filing to correct the number of stock options granted.
Summary
- Lee Francis Wichlacz, President, Electronics of Helios Technologies, Inc., filed an amendment to a Form 4 originally filed on September 13, 2024.
- The amendment corrects an error in the number of stock options granted to Wichlacz, which was initially misreported as 2,243.
- The corrected filing shows that Wichlacz was granted 5,342 stock options on September 11, 2024, at an exercise price of $40.13.
- These options vest and become exercisable on the third anniversary of the grant date, September 11, 2027, and expire on September 11, 2034.
Sentiment
Score: 7
Explanation: The document is a routine correction of an administrative error related to stock options, which is neutral to slightly positive as it reflects ongoing executive compensation.
Industry Context
Stock option grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.
Stakeholder Impact
- Shareholders may be interested in executive compensation details.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock option grant to Lee Francis Wichlacz. |
| 09/11/2027 | Date when the stock options vest and become exercisable. |
| 09/11/2034 | Expiration date of the stock options. |
| 09/13/2024 | Date of original Form 4 filing that was amended. |
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