Tricia L. Fulton - Feb 28, 2023 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: EVP, Chief Financial Officer
Signature: /s/ Marc Greenberg, Attorney-in-Fact for Tricia L. Fulton
Stock symbol: HLIO
Transactions as of: Feb 28, 2023
Transactions value $: -$305,018
Form type: 4
Date filed: 3/2/2023, 02:28 PM
Previous filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIO	Common Stock	Options Exercise	$0	+12.9K	+23.45%	$0.00	67.9K	Feb 28, 2023	Direct	F1
transaction	HLIO	Common Stock	Tax liability	-$276K	-5.07K	-7.48%	$54.44	62.8K	Feb 28, 2023	Direct	F2
transaction	HLIO	Common Stock	Options Exercise	$0	+1.08K	+1.72%	$0.00	63.9K	Feb 28, 2023	Direct
transaction	HLIO	Common Stock	Tax liability	-$28.8K	-425	-0.67%	$67.74	63.5K	Feb 28, 2023	Direct	F3
holding	HLIO	Common Stock						5.75K	Feb 28, 2023	By 401(k) Plan Trust

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	-12.9K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	12.9K		Direct	F1
transaction	HLIO	Restricted Stock Units	Options Exercise	$0	-1.08K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	1.08K		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 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 199%.
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.