Form 4: Helios Technologies' General Counsel Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Marc Greenberg, General Counsel and Secretary of Helios Technologies, exercised restricted stock units and disposed of shares to cover tax withholding requirements on January 3, 2025.
Summary
- On January 3, 2025, Marc Greenberg, General Counsel and Secretary of Helios Technologies, exercised restricted stock units (RSUs) and disposed of shares to cover tax obligations.
- He acquired 2,048 shares of common stock upon the vesting of RSUs at a price of $44.37.
- He disposed of 916 shares to satisfy tax withholding requirements at a price of $44.37.
- Following these transactions, Greenberg directly owns 6,515 shares of common stock.
- He also indirectly owns 58.5 shares through the Helios Technologies Inc. 401(k) Retirement Plan and 166 shares through his spouse.
- After exercising 2,048 RSUs, he directly owns 3,438 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment. It reflects standard operating procedures.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests. This filing indicates routine transactions related to stock-based compensation.
Comparison to Industry Standards
- Stock-based compensation is a common practice across publicly traded companies to align employee incentives with shareholder value.
- The vesting schedules and tax withholding practices described in the filing are typical for RSU grants.
- Comparable companies in the industrial technology sector, such as Parker-Hannifin and Eaton Corporation, also utilize stock-based compensation as part of their overall compensation strategy.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to standard executive compensation practices.
- Employees who receive stock-based compensation may be impacted by the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of earliest transaction: Exercise of restricted stock units and disposal of shares for tax obligations. |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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