Form 4: Hyliion Holdings Corp. COO Dennis Gallagher Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Hyliion Holdings Corp.'s Chief Operating Officer, Dennis Gallagher, reports the withholding of shares for tax liabilities related to vesting and distribution of restricted stock units.
Summary
- On multiple dates, Hyliion Holdings Corp.'s Chief Operating Officer, Dennis Gallagher, had shares withheld to cover tax liabilities related to the vesting and distribution of restricted stock units.
- Specifically, on September 17, 2021, 5,731 shares were withheld at a price of $6.28.
- On June 17, 2023, 1,431 shares were withheld at a price of $1.84.
- On February 28, 2024, 21,304 shares were withheld at a price of $1.68.
- Finally, on February 29, 2024, 45,269 shares were withheld at a price of $1.82.
- Following these transactions, Gallagher directly owns 402,840 shares of Hyliion Holdings Corp.
Sentiment
Score: 5
Explanation: This is a neutral filing regarding stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect the company's overall performance or strategic direction but provides transparency into executive stock ownership.
Stakeholder Impact
- Shareholders may be interested in executive stock ownership as an indicator of alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/17/2021 | 5,731 shares of common stock withheld for tax liability at $6.28 per share. |
| 06/17/2023 | 1,431 shares of common stock withheld for tax liability at $1.84 per share. |
| 02/28/2024 | 21,304 shares of common stock withheld for tax liability at $1.68 per share. |
| 02/29/2024 | 45,269 shares of common stock withheld for tax liability at $1.82 per share. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.