Form 4: Holley Inc. EVP & General Counsel Carly Kennedy Reports Changes in Beneficial Ownership

Carly Kennedy, EVP & General Counsel of Holley Inc., reports the acquisition of 42,020 shares and disposal of 34,315 shares of common stock on March 8, 2024, resulting in a total beneficial ownership of 226,178 shares.

Summary

• On March 8, 2024, Carly Kennedy, the EVP & General Counsel of Holley Inc., reported changes in her beneficial ownership of the company's common stock.
• She acquired 42,020 shares of common stock as a result of the certification of performance criteria for performance-based restricted stock units granted on March 8, 2023, under the company's 2021 Omnibus Incentive Plan.
• Additionally, she disposed of 34,315 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, Kennedy's total beneficial ownership of Holley Inc. common stock is 226,178 shares.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but the vesting of performance-based units suggests that performance criteria were met.

Positives

• The acquisition of shares indicates that performance criteria for restricted stock units were met, which could be seen as a positive sign for the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates