Form 4: Hubbell Director Anthony Guzzi Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Anthony Guzzi, a director at Hubbell Inc., reported the acquisition of deferred restricted common stock units and updates to deferred compensation stock units as of May 7, 2024.
Summary
- On May 7, 2024, Anthony Guzzi, a director of Hubbell Inc., reported acquiring 409 shares of Directors Deferred Restricted Common Stock Units.
- These deferred units are payable starting the fifth business day of January following Guzzi's retirement or separation from the Board.
- The report also updates the balance of Directors Deferred Compensation Stock Units to 31,932.677 shares, reflecting additional stock units credited through reinvested dividends.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock unit acquisitions and updates. There's no indication of positive or negative performance, just routine reporting.
Future Outlook
The deferred units are payable commencing the fifth business day of January following the reporting person's retirement or separation from the Board.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the compensation and stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: acquisition of deferred restricted common stock units and update to deferred compensation stock units. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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