Form 4: Helios Technologies Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

Marc Greenberg, General Counsel and Secretary of Helios Technologies, exercised stock options and disposed of shares to cover tax withholding requirements on April 1, 2024.

Summary

• On April 1, 2024, Marc Greenberg, General Counsel and Secretary of Helios Technologies, exercised 3,320 Restricted Stock Units (RSUs) which converted into common stock.
• Concurrently, 1,307 shares of common stock were disposed of at a price of $44.05 to satisfy tax withholding requirements related to the vesting of the RSUs.
• Following these transactions, Greenberg directly owns 5,383 shares of Helios Technologies common stock.
• Greenberg also has indirect ownership of 58.507 shares through the Helios Technologies Inc. 401(k) Retirement Plan and 166.049 shares through his spouse.
• Greenberg disclaims beneficial ownership of shares held in the 401(k) and by his spouse, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document reflects standard insider trading activity related to compensation and tax obligations, with no indication of unusual or concerning behavior. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Insider transactions are a common occurrence in publicly traded companies.
• Executives often exercise stock options or RSUs as part of their compensation packages.
• The disposal of shares to cover tax obligations is a routine practice.
• Similar transactions are regularly reported by executives at comparable companies in the technology and industrial sectors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects standard executive compensation practices and compliance with tax regulations.

Key Dates