Form 4: Hubbell Executive Mark Mikes Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Mark Mikes, President of Electrical Solutions at Hubbell, disposed of 168 shares of common stock on February 7, 2025, to cover tax obligations upon vesting of restricted shares.
Summary
- On February 7, 2025, Mark Eugene Mikes, President of Electrical Solutions at Hubbell Incorporated, disposed of 168 shares of Hubbell's common stock.
- The transaction was executed at a price of $399.56 per share.
- The disposal was related to the payment of taxes upon the vesting of restricted shares.
- Following the transaction, Mikes directly owns 2,789 shares of Hubbell common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a common practice of executives selling shares to cover tax obligations arising from the vesting of stock awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of stock disposal transaction |
| 02/11/2025 | Date of signature for the Form 4 filing |
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