Matteo Arduini - 28 Feb 2023 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
28 Feb 2023
Net transactions value
-$125,212
Form type
4
Filing time
02 Mar 2023, 14:30:43 UTC
Previous filing
31 Jan 2023
Next filing
05 Jan 2024
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 +5,143 +61% $0.000000 13,608 28 Feb 2023 Direct F1
transaction HLIO Common Stock Tax liability $125,212 -2,300 -17% $54.44 11,308 28 Feb 2023 Direct F2
transaction HLIO Common Stock Options Exercise $0 +437 +3.9% $0.000000 11,745 28 Feb 2023 Direct

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 -5,143 -100% $0.000000* 0 28 Feb 2023 Common Stock 5,143 Direct F1
transaction HLIO Restricted Stock Units Options Exercise $0 -437 -100% $0.000000* 0 28 Feb 2023 Common Stock 437 Direct F3, F4
* 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 196%.
F2 5143 restricted stock units became fully vested on 2/28/2023, of which 2300 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 December 31, 2022.
F3 Each RSU represents the right to receive, following vesting, one share of Common Stock.
F4 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.