Josef Matosevic - 28 Feb 2023 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Signature
/s/ Marc Greenberg, Attorney-in-Fact for Josef Matosevic
Issuer symbol
HLIO
Transactions as of
28 Feb 2023
Net transactions value
-$437,208
Form type
4
Filing time
02 Mar 2023, 14:29:42 UTC
Previous filing
31 Jan 2023
Next filing
03 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLIO Common Stock Options Exercise $0 +20,408 +117% $0.000000 37,814 28 Feb 2023 Direct F1
transaction HLIO Common Stock Tax liability $437,208 -8,031 -21% $54.44 29,783 28 Feb 2023 Direct F2
holding HLIO Common Stock 35 28 Feb 2023 By Son 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 -20,408 -100% $0.000000* 0 28 Feb 2023 Common Stock 20,408 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 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 The reporting person disclaims Section 16 beneficial ownership over the securities reported except to the extent of his pecuniary interest therein, if any.