Form 4: Hubbell Inc. Chairman, President & CEO Gerben Bakker Reports Stock Transactions
SEC Form 4 Filing
Gerben Bakker, Chairman, President & CEO of Hubbell Inc., reports exercising stock appreciation rights and selling shares to cover taxes.
Summary
- On May 14, 2025, Gerben Bakker, Chairman, President & CEO of Hubbell Inc., exercised stock appreciation rights (SARs) for 25,000 shares at a price of $163.26.
- He then sold 7,723 shares of common stock at a weighted average price of $384.63, with prices ranging from $384.36 to $384.92.
- Additionally, 17,277 shares were withheld by the issuer to cover taxes related to the SAR exercise at a price of $384.79.
- Following these transactions, Bakker directly owns 82,101 shares of common stock and 9,845 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive equity-based compensation. It provides transparency into the trading activities of company leadership.
Comparison to Industry Standards
- Executive compensation packages often include stock options or stock appreciation rights to align management's interests with those of shareholders.
- The vesting schedule of the SARs (three equal annual installments) is a typical arrangement.
- Selling shares to cover tax obligations arising from the exercise of equity awards is a standard practice among corporate executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
- The filing provides transparency to shareholders regarding the trading activities of company leadership.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Stock appreciation right vested and became exercisable in three equal annual installments beginning on this date. |
| 02/10/2031 | Expiration date of the Stock Appreciation Right. |
| 05/14/2025 | Date of the reported transactions: exercise of stock appreciation rights and sale of common stock. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Stock Appreciation Rights, Insider Trading, Hubbell Inc, Gerben Bakker, Executive Compensation, Equity Securities
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