Form 4: Holley Inc. Director James D. Coady Reports Changes in Beneficial Ownership

Director James D. Coady reports acquisition of restricted stock units and indirect ownership of common stock in Holley Inc.

Summary

• On June 10, 2024, James D. Coady, a director of Holley Inc., reported changes in his beneficial ownership of the company's stock.
• Coady acquired 29,166 shares of common stock through a grant of restricted stock units at a price of $0.
• These restricted stock units will vest on June 10, 2025, contingent upon continuous service.
• Coady also indirectly owns 49,173,884 shares through Holley Parent Holdings, LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Following the transaction, Coady directly owns 29,166 shares and indirectly owns 49,173,884 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual information about stock ownership.

Positives

• The grant of restricted stock units aligns the director's interests with the company's long-term performance.

Future Outlook

The restricted stock units will vest on June 10, 2025, subject to the reporting person's continuous service through such date.

Management Comments

• The reporting person disclaims beneficial ownership of the shares held by Holley Parent Holdings, LLC other than to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and alignment of interests between management and shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the U.S., ensuring transparency in insider trading activities.
• Companies like AutoZone, Advance Auto Parts, and O'Reilly Automotive also have similar insider transaction reporting requirements.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates