Sean Bagan - Oct 1, 2023 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: Chief Financial Officer
Signature: /s/ Marc Greenberg, Attorney-in-Fact for Sean Bagan
Stock symbol: HLIO
Transactions as of: Oct 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/2/2023, 01:36 PM
Previous filing: Aug 10, 2023
Next filing: Jan 3, 2024

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	Restricted Stock Units	Award	$0	+2.31K		$0.00	2.31K	Oct 1, 2023	Common Stock	2.31K		Direct	F1
transaction	HLIO	Performance-Based Restricted Stock Units	Award	$0	+2.31K		$0.00	2.31K	Oct 1, 2023	Common Stock	2.31K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents the right to receive, following vesting, one share of Common Stock. Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each of the first three anniversaries of the grant date.
F2	Restricted stock units granted to reporting person on October 1, 2023, which represent the right to receive, following vesting, up to 200% of one share of the Company's Common Stock. The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the fiscal year of 2023 and ending the last day of the fiscal year of 2025, providing continuous employment with the Company through March 15, 2026.

Content

Each RSU represents the right to receive, following vesting, one share of Common Stock. Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each of the first three anniversaries of the grant date.

Restricted stock units granted to reporting person on October 1, 2023, which represent the right to receive, following vesting, up to 200% of one share of the Company's Common Stock. The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the fiscal year of 2023 and ending the last day of the fiscal year of 2025, providing continuous employment with the Company through March 15, 2026.