Form 4: Harley-Davidson CMO Granted 62,195 Restricted Stock Units

Harley-Davidson's Chief Marketing & Technology Officer, Matthew A. Ryan, was granted 62,195 restricted stock units, vesting over three years.

Summary

• Matthew A. Ryan, Chief Marketing & Technology Officer of Harley-Davidson, Inc. (HOG), was granted 62,195 Restricted Stock Units (RSUs).
• The transaction date for this grant was December 8, 2025.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The RSUs vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date (December 8, 2026, December 8, 2027, and December 8, 2028).
• The RSUs are subject to forfeiture until they are vested.
• The filing was submitted on January 14, 2026, and was noted as being filed late due to a delay in receiving the reporting person's EDGAR filer credentials.

Sentiment

Score: 7

Explanation: The grant of restricted stock units is a positive event for executive alignment and retention. The late filing is a minor procedural issue, not indicative of underlying company performance.

Positives

• The grant of Restricted Stock Units aligns the Chief Marketing & Technology Officer's interests with those of shareholders, incentivizing long-term performance and retention.

Risks

• The Restricted Stock Units are subject to forfeiture until they are vested, meaning the reporting person may not ultimately receive all granted shares if employment conditions are not met.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This is a routine executive compensation disclosure, common across publicly traded companies, reflecting standard practices for incentivizing and retaining key management personnel through equity grants.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the Chief Marketing & Technology Officer's long-term interests with shareholder value creation, as the value of the units is tied to the company's stock performance.
• Employees: This compensation structure is a common practice for executive retention and motivation, potentially signaling stability in leadership.

Next Steps

• The granted Restricted Stock Units will vest in three annual installments, with the first vesting on December 8, 2026, and subsequent vestings on December 8, 2027, and December 8, 2028.

Key Dates

Keywords

Harley-Davidson, HOG, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Matthew A. Ryan