Form 4: Holley Inc. Executive Equity Transaction Report

EVP & General Counsel Carly Kennedy reports multiple equity transactions involving restricted stock vesting and tax withholding.

Summary

• Carly Kennedy, EVP & General Counsel of Holley Inc., executed several transactions between March 4, 2026, and March 21, 2026.
• Transactions included the automatic withholding of shares to cover tax obligations related to the vesting of restricted stock units.
• The reporting person received a new grant of 77,277 restricted stock units on March 13, 2026.
• Performance-based restricted stock units vested on March 21, 2026, resulting in a 110% payout based on 2025 Revenue and EBITDA goals.
• Following these transactions, the reporting person holds 448,271 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of executive equity management, though the 110% performance achievement provides a slight positive signal regarding company health.

Positives

• The company achieved 110% of its performance targets for fiscal year 2025, indicating strong operational execution.
• The executive maintains a significant equity stake of 448,271 shares, aligning interests with shareholders.

Negatives

• The transactions reflect significant share withholding to cover tax liabilities, which is standard but reduces the net share count for the executive.

Risks

• Vesting of future restricted stock units is subject to the reporting person's continuous employment with the company.

Future Outlook

The newly granted restricted stock units are scheduled to vest in equal installments on March 13 of 2027, 2028, and 2029, contingent upon continued employment.

Management Comments

• The company achieved a 110% payout for the relevant performance period, representing an additional 10% of shares above the target award.

Industry Context

StockSavvy.ai notes that the achievement of 110% of performance targets in the automotive aftermarket sector suggests resilient demand and effective cost management despite broader economic headwinds.

Comparison to Industry Standards

• The 110% performance payout exceeds standard target achievement levels often seen in the automotive parts manufacturing sector.
• Equity compensation structures align with standard practices for executive retention in mid-cap industrial companies.

Stakeholder Impact

• Shareholders may view the 110% performance achievement as a positive indicator of management's ability to meet financial targets.

Next Steps

• Vesting of restricted stock units on March 13, 2027.

Key Dates

Keywords

Holley Inc, HLLY, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Executive Compensation