Tricia L. Fulton - Feb 25, 2022 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: Chief Financial Officer
Signature: /s/ Marc Greenberg, Attorney-in-Fact for Tricia L. Fulton
Stock symbol: HLIO
Transactions as of: Feb 25, 2022
Transactions value $: -$353,777
Form type: 4
Date filed: 3/1/2022, 06:40 PM
Previous filing: Feb 24, 2022
Next filing: Apr 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIO	Common Stock	Options Exercise	$0	+7.74K	+17.7%	$0.00	51.5K	Feb 25, 2022	Direct	F1
transaction	HLIO	Common Stock	Tax liability	-$320K	-3.05K	-5.92%	$105.17	48.4K	Feb 25, 2022	Direct	F2
transaction	HLIO	Common Stock	Options Exercise	$0	+1.08K	+2.23%	$0.00	49.5K	Feb 28, 2022	Direct
transaction	HLIO	Common Stock	Tax liability	-$33.3K	-425	-0.86%	$78.41	49.1K	Feb 28, 2022	Direct	F3
holding	HLIO	Common Stock						5.73K	Feb 25, 2022	By 401(k) Plan Trust	F4

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	-7.74K	-100%	$0.00^*	0	Feb 25, 2022	Common Stock	7.74K		Direct	F1
transaction	HLIO	Restricted Stock Units	Options Exercise	$0	-1.08K	-50%	$0.00	1.08K	Feb 28, 2022	Common Stock	1.08K		Direct	F5, F6

* 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 22, 2019, as determined by the performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022, following subsequent financial approval on February 25, 2022 of the payout percentage for the grant based on performance criteria. The payout percentage for the grant based on performance goals was 150%.
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 January 1, 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	Reflects the current allocation of shares under the Helios Technologies Inc. 401(k) Retirement Plan.
F5	Each RSU represents the right to receive, following vesting, one share of Common Stock.
F6	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.