Form 4: Hyliion Holdings CFO Jon Panzer Reports Tax-Related Stock Disposal

Jon Panzer, CFO of Hyliion Holdings Corp., disposed of 741 shares of common stock on August 8, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On August 8, 2024, Jon Panzer, the Chief Financial Officer of Hyliion Holdings Corp., reported a transaction involving the company's common stock.
• Panzer disposed of 741 shares of common stock at a price of $1.97 per share.
• This transaction was executed to cover a tax liability related to the vesting and distribution of restricted stock units.
• Following the transaction, Panzer directly owns 569,130 shares of Hyliion Holdings Corp.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice in publicly traded companies.

Key Dates