Form 4: Helios Technologies Executive Reports Stock Transactions
SEC Form 4 Filing
Marc Greenberg, General Counsel and Secretary of Helios Technologies, reports the acquisition and disposal of common stock related to restricted stock unit vesting.
Summary
- On January 6, 2025, Marc Greenberg, General Counsel and Secretary of Helios Technologies, engaged in transactions involving the company's common stock.
- Greenberg acquired 969 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $44.67 per share.
- Simultaneously, 433 shares were withheld by Helios Technologies to satisfy tax obligations related to the RSU vesting, also valued at $44.67 per share.
- Following these transactions, Greenberg directly owns 7,051 shares of Helios Technologies common stock.
- Additionally, Greenberg indirectly owns 58.5 shares through the Helios Technologies Inc. 401(k) Retirement Plan and 166 shares through his spouse.
- He also holds 969 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The reporting requirements are consistent across all companies and individuals subject to Section 16 of the Securities Exchange Act of 1934.
- Similar filings can be observed for executives at comparable companies like Parker-Hannifin (PH) and Eaton Corporation (ETN).
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The vesting of RSUs incentivizes the executive, potentially aligning their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/06/2025 | Date of earliest transaction: Acquisition of common stock via RSU vesting and withholding of shares for tax obligations. |
| 01/08/2025 | Date of signature for the Form 4 filing. |
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