Form 4: Harley-Davidson Director Alstead Troy Reports Acquisition of Share Units

Director Alstead Troy reports acquisition of 4,095 share units of Harley-Davidson common stock on May 16, 2024.

Summary

• On May 16, 2024, Harley-Davidson director Alstead Troy acquired 4,095 share units.
• These share units are equivalent to shares of common stock and were granted pursuant to the Harley-Davidson, Inc. Director Stock Plan, as amended.
• The shares are payable on the one-year anniversary of the grant date or upon earlier termination of service as a director.
• Following the transaction, Alstead Troy directly owns 26,633.5818 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard director compensation practice, indicating confidence in the company's stock.

Positives

• The acquisition of share units by a director signals confidence in the company's future.

Future Outlook

The shares are payable on the one-year anniversary of the grant date or upon the earlier termination of service as a director.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align the interests of directors with those of shareholders. This transaction reflects standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to incentivize long-term value creation.
• Companies like Polaris (PII) and Brunswick Corporation (BC) also utilize stock-based compensation for their directors.
• The specific terms of Harley-Davidson's Director Stock Plan are likely comparable to those offered by peer companies in the automotive and recreational vehicle industries.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates