Matthew Stevenson - Jun 6, 2023 Form 4 Insider Report for Holley Inc. (HLLY)

Role: President and CEO, Director
Signature: /s/ Carly Kennedy, Attorney-In-Fact for Matthew J. Stevenson
Stock symbol: HLLY
Transactions as of: Jun 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/6/2023, 05:14 PM
Previous filing: Jul 6, 2022
Next filing: Aug 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLLY	Common Stock	Award	$0	+1M		$0.00	1M	Jun 6, 2023	Direct	F1
transaction	HLLY	Common Stock	Award	$0	+1.52M	+152%	$0.00	2.52M	Jun 6, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units made as an inducement award outside of the Issuer's 2021 Omnibus Incentive Plan in connection with the Reporting Person's appointment as President and Chief Executive Officer of the Issuer. Each restricted stock unit represents a contingent right to receive, upon vesting, one share of Common Stock. These restricted stock units will vest in equal, or nearly equal, installments on June 6 of each of 2024, 2025, 2026, and 2027, subject to the reporting person's continuous employment through such date.
F2	Represents a grant of performance-based restricted stock units made as an inducement award outside of the Issuer's 2021 Omnibus Incentive Plan in connection with the Reporting Person's appointment as President and Chief Executive Officer of the Issuer. Each performance-based restricted stock unit represents a contingent right to receive, upon vesting, one share of Common Stock. These performance-based restricted stock units will be eligible to vest in tranches based on the Company's closing stock price meeting or exceeding the stock price target specified for each tranche for a period of 20 consecutive trading days prior to December 31, 2030. Once the stock price performance goal for a tranche is achieved, the portion of the award related to that tranche will vest, subject to the reporting person's continued service on such date.

Content

Represents a grant of restricted stock units made as an inducement award outside of the Issuer's 2021 Omnibus Incentive Plan in connection with the Reporting Person's appointment as President and Chief Executive Officer of the Issuer. Each restricted stock unit represents a contingent right to receive, upon vesting, one share of Common Stock. These restricted stock units will vest in equal, or nearly equal, installments on June 6 of each of 2024, 2025, 2026, and 2027, subject to the reporting person's continuous employment through such date.

Represents a grant of performance-based restricted stock units made as an inducement award outside of the Issuer's 2021 Omnibus Incentive Plan in connection with the Reporting Person's appointment as President and Chief Executive Officer of the Issuer. Each performance-based restricted stock unit represents a contingent right to receive, upon vesting, one share of Common Stock. These performance-based restricted stock units will be eligible to vest in tranches based on the Company's closing stock price meeting or exceeding the stock price target specified for each tranche for a period of 20 consecutive trading days prior to December 31, 2030. Once the stock price performance goal for a tranche is achieved, the portion of the award related to that tranche will vest, subject to the reporting person's continued service on such date.