Form 4: Hubbell Director Neal J. Keating Reports Acquisition of Deferred Compensation Stock Units
SEC Form 4 Filing
Director Neal J. Keating reports acquiring 35.84 Director Deferred Compensation Stock Units of Hubbell Inc. on May 15, 2024.
Summary
- On May 15, 2024, Neal J. Keating, a director of Hubbell Incorporated, acquired 35.84 Director Deferred Compensation Stock Units.
- These units are payable commencing six months following the reporting person's retirement or separation from the Board.
- Each unit represents one share of Hubbell's common stock.
- The unit price is based on the closing price of one share of Common Stock, which was $404.73.
- Following the transaction, Keating beneficially owns 7,403.557 Director Deferred Compensation Stock Units, which includes reinvested dividends.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a director's compensation and stock unit acquisition. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
The deferred units are payable commencing six months following the reporting person's retirement or separation from the Board.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, and it doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and deferred stock units.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Neal J. Keating acquired Director Deferred Compensation Stock Units. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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