0001744724-19-000001.txt : 20190226 0001744724-19-000001.hdr.sgml : 20190226 20190226142521 ACCESSION NUMBER: 0001744724-19-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190222 FILED AS OF DATE: 20190226 DATE AS OF CHANGE: 20190226 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nealis Melanie M CENTRAL INDEX KEY: 0001744724 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21835 FILM NUMBER: 19632906 MAIL ADDRESS: STREET 1: 1500 WEST UNIVERSITY PARKWAY CITY: SARASOTA STATE: FL ZIP: 34243 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SUN HYDRAULICS CORP CENTRAL INDEX KEY: 0001024795 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 592754337 STATE OF INCORPORATION: FL FISCAL YEAR END: 1229 BUSINESS ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413621200 MAIL ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2019-02-22 0 0001024795 SUN HYDRAULICS CORP SNHY 0001744724 Nealis Melanie M 1500 WEST UNIVERSITY PARKWAY SARASOTA FL 34243 0 1 0 0 Chief Legal & Compliance Offic Performance-Based Restricted Stock Units 0 2019-02-22 4 A 0 4117 0 A Common Stock 4117 4117 D Restricted Stock Units 0 2019-02-22 4 A 0 4117 0 A Common Stock 4117 4117 D Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of Sun Hydraulics common stock (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 Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022. Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 150% of one share of Common Stock after the determination of the achievement of the performance goals during the three-year performance period ending on the last day of the Company's fiscal year ending January 1, 2022. 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 anniversary of the grant date. Gregory C. Yadley, as Attorney-in-Fact for Melanie M. Nealis 2019-02-26