Form 4: JELD-WEN Holding Executive James S. Hayes Reports Stock and Option Awards

James S. Hayes, EVP, GC & Corp Sec of JELD-WEN Holding, Inc., reports the acquisition of restricted stock units and stock options.

Summary

• James S. Hayes, an executive at JELD-WEN Holding, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 11, 2025, Hayes was awarded 35,410 restricted stock units (RSUs) at a price of $0.
• These RSUs will vest ratably over three years, starting February 11, 2026, and continuing on February 11, 2027, and February 11, 2028, contingent upon continued employment.
• Hayes also acquired 58,586 stock options with an exercise price of $9.05, expiring on February 11, 2035.
• These options vest one-third annually over three years, beginning on the first anniversary of the grant date.
• Following these transactions, Hayes beneficially owns 107,281 shares of common stock and 58,586 common stock options.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices, which are generally viewed neutrally. The vesting schedules suggest a long-term commitment from the executive.

Positives

• The grant of restricted stock units and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedules for both the RSUs and options incentivize continued employment and performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the awarded securities.

Industry Context

Stock and option awards are a common practice in publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Equity compensation practices vary across industries and company sizes.
• Comparing JELD-WEN's executive compensation to peers in the building materials or manufacturing sectors would provide a more detailed assessment.
• Companies like Masonite International or Fortune Brands Innovations could be considered as comparables for executive compensation analysis.

Stakeholder Impact

• The equity awards align the executive's interests with those of the shareholders, potentially driving long-term value creation.
• Employees may view the awards as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

JELD-WEN Holding, James S. Hayes, Form 4, restricted stock units, stock options, beneficial ownership, vesting