Form 4: Hubbell Director Bonnie Cruickshank Lind Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Bonnie Cruickshank Lind reports acquisition of deferred stock units in Hubbell Incorporated.
Summary
- On May 15, 2024, Bonnie Cruickshank Lind, a director of Hubbell Incorporated, acquired 74.768 Directors Deferred Compensation Stock Units.
- These units are payable commencing the fifth business day of January following the reporting person's retirement or separation from the Board.
- The unit price is $404.73, reflecting the closing price of one share of Hubbell's common stock on the transaction date.
- Following the transaction, Lind directly owns 2,235.913 derivative securities, which includes reinvested dividends.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a director's acquisition of deferred stock units, a common form of compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns their interests with those of the shareholders, potentially encouraging long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Acquisition of Directors Deferred Compensation Stock Units |
| 05/17/2024 | Date of signature for the Form 4 filing |
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