Form 4: Hillman Solutions Corp. President & CEO Sells Shares to Cover Tax Obligations

Hillman Solutions Corp.'s President and CEO, Jon Michael Adinolfi, sold 7,515 shares of common stock to cover tax obligations.

Summary

• Jon Michael Adinolfi, President and CEO of Hillman Solutions Corp., sold 7,515 shares of common stock on January 11, 2025.
• The sale was executed at a price of $9.29 per share.
• This transaction was to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Adinolfi directly owns 652,374 shares of Hillman Solutions Corp. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives to cover tax obligations related to stock awards and is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• Similar transactions are frequently seen in companies like Fastenal, MSC Industrial Direct, and W.W. Grainger, where executives may sell shares to cover tax liabilities related to stock-based compensation.
• The volume of shares sold is relatively small compared to the total holdings of the executive, which is typical for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Hillman Solutions Corp, insider trading, stock sale, executive, Jon Michael Adinolfi, HLMN, tax obligations