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

Jon Panzer, CFO of Hyliion Holdings, reports a transaction involving the withholding of shares to cover tax liabilities related to vested restricted stock units.

Summary

• On May 8, 2025, Jon Panzer, the Chief Financial Officer of Hyliion Holdings Corp., reported a transaction on Form 4.
• The transaction involved the withholding of 741 shares of common stock at a price of $1.67 per share.
• These shares were withheld for the payment of a tax liability related to the vesting and distribution of restricted stock units.
• Following the transaction, Panzer beneficially owns 890,895 shares of Hyliion Holdings Corp.
• The transaction was executed pursuant to Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Tax withholding practices are standard across publicly traded companies to manage executive compensation and tax liabilities.
• Similar transactions are regularly reported by executives at companies like Tesla, Rivian, and Nikola.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders as it is related to executive compensation and tax obligations.

Key Dates

Keywords

Hyliion Holdings, HYLN, Jon Panzer, CFO, Form 4, Stock Transaction, Beneficial Ownership, Tax Liability, Restricted Stock Units