HELIOS TECHNOLOGIES, INC. — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELIOS TECHNOLOGIES, INC. (HLIO)
CIK: 0001024795
Period of Report: 2023-02-28

Reporting Person: Arduini Matteo (President, QRC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	M	5143	$0.00	Acquired	13608	Direct
2023-02-28	Common Stock	F	2300	$54.44	Disposed	11308	Direct
2023-02-28	Common Stock	M	437	$0.00	Acquired	11745	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-28	Performance-Based Restricted Stock Units	$	M	5143	Disposed		Common Stock (5143)	Direct
2023-02-28	Restricted Stock Units	$	M	437	Disposed		Common Stock (437)	Direct

Footnotes

F1: Acquired performance-based restricted stock units granted to the Reporting Person on February 28, 2020, as determined by the performance period beginning on the first day of the Company's 2020 fiscal year and ending on the last day of the Company's 2022 fiscal year, following subsequent financial approval of the payout percentage for the grant based on performance criteria. The payout percentage for the grant based on performance goals was 196%.

F2: 5143 restricted stock units became fully vested on 2/28/2023, of which 2300 were converted to cash to satisfy tax withholding obligations. Tax withholding was calculated pursuant to performance criteria for period ending on the last day of December 31, 2022.

F3: Each RSU represents the right to receive, following vesting, one share of Common Stock.

F4: Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each anniversary of the grant date.