Mark S. Parker - 17 Jan 2023 Form 4 Insider Report for HYDROFARM HOLDINGS GROUP, INC. (HYFM)

Role
Executive Vice President
Signature
/s/ Jeffrey Cohan, Power of Attorney For: Mark Parker
Issuer symbol
HYFM
Transactions as of
17 Jan 2023
Net transactions value
-$5,055
Form type
4
Filing time
28 Mar 2023, 17:45:11 UTC
Previous filing
03 Jan 2023
Next filing
02 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYFM Common Stock, $0.0001 par value per share Award $0 +1,507 +2% $0.000000 76,838 17 Jan 2023 Direct F1
transaction HYFM Common Stock, $0.0001 par value per share Tax liability $202 -105 -0.14% $1.92 76,733 02 Mar 2023 Direct F2
transaction HYFM Common Stock, $0.0001 par value per share Tax liability $862 -510 -0.66% $1.69 76,223 27 Mar 2023 Direct F3
transaction HYFM Common Stock, $0.0001 par value per share Tax liability $3,992 -2,362 -3.1% $1.69 73,861 27 Mar 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 23, 2022, Mr. Parker was granted a target of 6,028 performance stock units ("PSUs") under the Issuer's 2020 Equity Incentive Plan. Each PSU represents the right, upon achievement of certain specified performance-based vesting criteria, to receive one share of the Issuer's common stock. On January 17, 2023, the Compensation Committee of the Board of Directors determined that 25% of the performance-based conditions were met resulting in 1,507 PSUs earned by Mr. Parker. This transaction is late due to an inadvertent administrative error and not any error of Mr. Parker.
F2 Shares withheld to satisfy tax withholding obligation applicable to the vesting of 309 stock-settled restricted stock units ("RSUs"), which may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number. This transaction is late due to an inadvertent administrative error and not any error of Mr. Parker.
F3 Shares withheld to satisfy tax withholding obligation applicable to the vesting of 1,507 stock-settled PSUs, which may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.
F4 Shares withheld to satisfy tax withholding obligation applicable to the vesting of 6,989 stock-settled RSUs, which may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.