Form 4: Hubbell Director Anthony Guzzi Reports Acquisition of Deferred Compensation Stock Units
SEC Form 4 Filing
Director Anthony Guzzi reports acquisition of Hubbell deferred compensation stock units on May 15, 2024.
Summary
- On May 15, 2024, Anthony Guzzi, a director of Hubbell Inc., acquired Directors Deferred Compensation Stock Units.
- The transaction involved 88.358 units, each representing one share of Hubbell's common stock.
- The price per unit was $404.73.
- Following the transaction, Guzzi beneficially owns 32,021.035 shares of common stock through the Deferred Plan for Directors, including reinvested dividends.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
Deferred units are payable commencing the fifth business day of January following the reporting person's retirement or separation from the Board.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This particular filing reflects a director's acquisition of deferred compensation stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Acquisition of Directors Deferred Compensation Stock Units |
| 05/17/2024 | Date of signature on the Form 4 filing |
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