Matteo Arduini - 25 Feb 2022 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: President, QRC
Signature: /s/ Marc Greenberg, Attorney-in-Fact for Matteo Arduini
Issuer symbol: HLIO
Transactions as of: 25 Feb 2022
Net transactions value: -$134,681
Form type: 4
Filing time: 01 Mar 2022, 18:34:28 UTC
Previous filing: 24 Feb 2022
Next filing: 28 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIO	Common Stock	Options Exercise	$0	+2,447	+361%	$0.000000	3,124	25 Feb 2022	Direct	F1
transaction	HLIO	Common Stock	Tax liability	$118,842	-1,130	-36%	$105.17	1,994	25 Feb 2022	Direct	F2
transaction	HLIO	Common Stock	Options Exercise	$0	+437	+22%	$0.000000	2,431	28 Feb 2022	Direct
transaction	HLIO	Common Stock	Tax liability	$15,839	-202	-8.3%	$78.41	2,229	28 Feb 2022	Direct	F3

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	-2,447	-100%	$0.000000^*	0	25 Feb 2022	Common Stock	2,447		Direct	F1
transaction	HLIO	Restricted Stock Units	Options Exercise	$0	-437	-50%	$0.000000	437	28 Feb 2022	Common Stock	437		Direct	F4, F5

* 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 the Reporting Person on February 22, 2019, as determined by the performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022, following subsequent financial approval on February 25, 2022 of the payout percentage for the grant based on performance criteria. The payout percentage for the grant based on performance goals was 150%.
F2	2447 restricted stock units became fully vested on 2/25/2022, of which 1130 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 January 1, 2022.
F3	437 restricted stock units became fully vested on 2/28/2022, of which 202 were converted to cash to satisfy tax withholding obligations.
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.