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HELIOS TECHNOLOGIES, INC. — Director's Dealing 2023
Mar 2, 2023
31796_dirs_2023-03-02_2dd18149-28ee-4ed7-a31c-2627c477afb7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HELIOS TECHNOLOGIES, INC. (HLIO)
CIK: 0001024795
Period of Report: 2023-02-28
Reporting Person: Morgan Jason Lemar (President, CVT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-28 | Common Stock | M | 1926 | $0.00 | Acquired | 5006.288 | Direct |
| 2023-02-28 | Common Stock | F | 814 | $54.44 | Disposed | 4192.288 | Direct |
| 2023-02-28 | Common Stock | M | 348 | $0.00 | Acquired | 4540.288 | Direct |
| 2023-02-28 | Common Stock | F | 147 | $67.74 | Disposed | 4393.288 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-28 | Performance-Based Restricted Stock Units | $ | M | 1926 | Disposed | Common Stock (1926) | Direct | |
| 2023-02-28 | Restricted Stock Units | $ | M | 348 | Disposed | Common Stock (348) | 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 185%.
F2: No shares were sold - these shares were withheld by the issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units. Withholding of shares to cover taxes on the vesting was calculated pursuant to performance criteria for period ending on the last day of December 31, 2022.
F3: No shares were sold - these shares were withheld by the issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
F4: Each RSU represents the right to receive, following vesting, one share of Common Stock.
F5: 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.