Form 4: Holley Inc. CFO Jesse Weaver Reports Stock Transactions

Chief Financial Officer Jesse Weaver reports acquisition of 57,120 shares and disposal of 56,087 shares of Holley Inc. common stock on March 8, 2024.

Summary

• On March 8, 2024, Jesse Weaver, the Chief Financial Officer of Holley Inc., acquired 57,120 shares of common stock.
• These shares were issued under the company's 2021 Omnibus Incentive Plan due to the satisfaction of performance criteria for restricted stock units granted on March 8, 2023.
• On the same day, Weaver disposed of 56,087 shares to cover required tax withholding upon the vesting of restricted stock units and performance units.
• The price per share for the disposed shares was $4.06.
• Following these transactions, Weaver directly owns 293,621 shares of Holley Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports stock transactions related to compensation and tax obligations. There is no indication of positive or negative sentiment towards the company's performance.

Positives

• The acquisition of shares indicates that performance criteria were met, which could be viewed positively.

Negatives

• The disposal of shares to cover tax withholding could be seen as a neutral event, but it does represent a reduction in holdings.

Risks

• There are no specific risks mentioned in this document.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Holley Inc.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
• Similar filings can be observed for executives at comparable companies such as AutoZone, O'Reilly Automotive, and Advance Auto Parts.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates