Form 4: Harley-Davidson CLO Executes Stock Sale

Chief Legal Officer Paul J. Krause sold 1,564 shares of Harley-Davidson common stock pursuant to a Rule 10b5-1 trading plan.

Summary

• Paul J. Krause, Chief Legal Officer of Harley-Davidson, Inc., sold 1,564 shares of common stock.
• The transaction occurred on May 11, 2026, at a price of $26.00 per share.
• Following the sale, the reporting person maintains direct ownership of 30,012 shares.
• The reporting person also holds 598.2495 shares indirectly through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted via a pre-planned 10b5-1 arrangement, which is a routine administrative action.

Positives

• The transaction was executed under a pre-established Rule 10b5-1(c) trading plan, indicating the sale was planned in advance rather than based on non-public information.

Negatives

• The sale represents a reduction in the direct equity stake held by a key executive.

Risks

• None identified in this filing.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that routine insider selling under 10b5-1 plans is a standard corporate governance practice and typically does not signal a change in management's outlook on company performance.

Comparison to Industry Standards

• The use of Rule 10b5-1 trading plans is the industry standard for executives to liquidate equity positions while avoiding potential insider trading liability.

Stakeholder Impact

• Minimal impact on shareholders as the sale was pre-planned and represents a small portion of the executive's total holdings.

Key Dates

Keywords

Harley-Davidson, HOG, Insider Trading, Form 4, Chief Legal Officer, Stock Sale