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

Role
President, CVT
Signature
/s/ Marc Greenberg, Attorney-in-Fact for Jason L. Morgan
Stock symbol
HLIO
Transactions as of
Feb 28, 2023
Transactions value $
-$54,272
Form type
4
Date filed
3/2/2023, 02:31 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 +1.93K +62.53% $0.00 5.01K Feb 28, 2023 Direct F1
transaction HLIO Common Stock Tax liability -$44.3K -814 -16.26% $54.44 4.19K Feb 28, 2023 Direct F2
transaction HLIO Common Stock Options Exercise $0 +348 +8.3% $0.00 4.54K Feb 28, 2023 Direct
transaction HLIO Common Stock Tax liability -$9.96K -147 -3.24% $67.74 4.39K Feb 28, 2023 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 -1.93K -100% $0.00* 0 Feb 28, 2023 Common Stock 1.93K Direct F1
transaction HLIO Restricted Stock Units Options Exercise $0 -348 -100% $0.00* 0 Feb 28, 2023 Common Stock 348 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 185%.
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.