Form 4: Hubbell Director Anthony Guzzi Acquires Deferred Stock Units

Hubbell director Anthony Guzzi acquired 83.979 deferred stock units, each representing one share of common stock, on November 15, 2024.

Summary

• Anthony Guzzi, a director at Hubbell Incorporated, acquired 83.979 deferred stock units on November 15, 2024.
• Each deferred stock unit is equivalent to one share of Hubbell's common stock.
• The units were acquired under the company's Deferred Plan for Directors.
• The price per unit was $437.61, which is the closing price of one share of common stock on the transaction date.
• These deferred units will be payable starting the fifth business day of January following Guzzi's retirement or separation from the board.
• Guzzi's total holdings now include 32,399.993 deferred stock units, including reinvested dividends.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates alignment of interests between the director and the company.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan is a common practice for directors and executives.

Future Outlook

The deferred units will be payable commencing the fifth business day of January following the reporting person's retirement or separation from the Board.

Industry Context

This is a standard practice for director compensation, aligning their interests with the company's long-term performance. Many companies use deferred stock units as part of their compensation packages for directors.

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for directors in publicly traded companies, similar to practices at companies like Eaton Corporation and Emerson Electric.
• The vesting and payout terms are typical, with payments commencing after retirement or separation from the board, which is consistent with industry norms.
• The unit price being tied to the closing price of the common stock is a standard valuation method.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be seen positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Hubbell, Director, Deferred Stock Units, Anthony Guzzi, Stock Acquisition, Deferred Compensation, Form 4, Insider Trading