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

Signature
/s/ Marc Greenberg, Attorney-in-Fact for Josef Matosevic
Stock symbol
HLIO
Transactions as of
Feb 28, 2023
Transactions value $
-$437,208
Form type
4
Date filed
3/2/2023, 02:29 PM
Previous filing
Jan 31, 2023
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLIO Common Stock Options Exercise $0 +20.4K +117.25% $0.00 37.8K Feb 28, 2023 Direct F1
transaction HLIO Common Stock Tax liability -$437K -8.03K -21.24% $54.44 29.8K Feb 28, 2023 Direct F2
holding HLIO Common Stock 35.2 Feb 28, 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 -20.4K -100% $0.00* 0 Feb 28, 2023 Common Stock 20.4K 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.