Form 4: Holley CEO Matthew Stevenson Reports Stock Withholding
Statement of Changes in Beneficial Ownership
Holley Inc. President and CEO Matthew Stevenson reported the automatic withholding of 97,675 shares to cover tax obligations upon the vesting of restricted stock.
Summary
- Matthew Stevenson, President and CEO of Holley Inc., had 97,675 shares of common stock withheld.
- The transaction occurred on June 6, 2026, following the vesting of 250,000 restricted stock units.
- The withholding was executed at a price of $2.57 per share to satisfy mandatory tax obligations.
- Following this transaction, Stevenson maintains a beneficial ownership of 3,181,124 shares of Holley Inc. common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event related to executive compensation vesting.
Positives
- The transaction reflects the vesting of equity-based compensation, aligning executive interests with long-term shareholder value.
Negatives
- The transaction represents a reduction in the total number of shares held by the CEO, though it was for tax purposes rather than a discretionary sale.
Risks
- Reliance on equity-based compensation may be impacted by volatility in the company's share price.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that automatic share withholding for tax obligations is a standard administrative procedure for executives upon the vesting of equity awards and does not typically signal a change in management sentiment regarding the company's outlook.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for executive compensation vesting.
- The use of automatic withholding to cover tax liabilities is consistent with practices at other publicly traded automotive aftermarket companies.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a mandatory tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 06/05/2026 | Closing price date used for tax withholding calculation. |
| 06/06/2026 | Date of vesting and transaction. |
| 06/09/2026 | Date of filing. |
Keywords
Holley Inc, HLLY, Insider Trading, Form 4, Executive Compensation, Matthew Stevenson
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