Josef Matosevic - Feb 22, 2024 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: President and CEO, Director
Signature: /s/ Marc Greenberg, Attorney-in-fact for Josef Matosevic
Stock symbol: HLIO
Transactions as of: Feb 22, 2024
Transactions value $: -$576,535
Form type: 4
Date filed: 4/3/2024, 08:09 PM
Previous filing: Jan 30, 2024
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIO	Common Stock	Options Exercise	$0	+32.3K	+67.67%	$0.00	80K	Feb 22, 2024	Direct	F1
transaction	HLIO	Common Stock	Tax liability	-$577K	-12.7K	-15.88%	$45.35	67.3K	Feb 22, 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HLIO	Performance-Based Restricted Stock Units	Options Exercise	$0	-32.3K	-100%	$0.00^*	0	Feb 22, 2024	Common Stock	32.3K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquired performance-based restricted stock units granted to reporting person on January 28, 2021, which represent the right to receive, following vesting, up to 200% of one share of the Company's Common Stock. The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee over a three-year performance period beginning on the first day of the fiscal year of 2021 and ending on the last day of the fiscal year of 2023. The payout percentage for the grant based on performance goals was 148%
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.

Content

Acquired performance-based restricted stock units granted to reporting person on January 28, 2021, which represent the right to receive, following vesting, up to 200% of one share of the Company's Common Stock. The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee over a three-year performance period beginning on the first day of the fiscal year of 2021 and ending on the last day of the fiscal year of 2023. The payout percentage for the grant based on performance goals was 148%

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.

Remarks:

This late Form 4 is being filed due to an administrative oversight.