Form 4: Holley Inc. Executive Carly Kennedy Reports Tax Withholding Share Transaction

Carly Kennedy, EVP & General Counsel of Holley Inc., reports the withholding of 1,696 common stock shares to cover taxes upon vesting of restricted shares on May 6, 2025.

Summary

• On May 7, 2025, Carly Kennedy, EVP & General Counsel of Holley Inc., filed a Form 4.
• The form reports a transaction on May 6, 2025, where 1,696 shares of common stock were withheld to cover tax obligations.
• This withholding occurred upon the vesting of 4,308 restricted shares.
• The price per share for the tax withholding calculation was $2.07, based on the closing price of HLLY common stock on May 6, 2025.
• Following the transaction, Kennedy directly owns 302,724 shares of Holley Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates

Keywords

Form 4, Holley Inc., HLLY, Carly Kennedy, EVP & General Counsel, Beneficial Ownership, Tax Withholding, Restricted Shares, Common Stock