Form 4: Harley-Davidson Executive Glen Koval Reports Stock Transactions
SEC Form 4 Filing
Glen Koval, SVP of Motorcycle Development at Harley-Davidson, reported the vesting and subsequent sale of restricted stock units on February 9, 2025.
Summary
- Glen Koval, a Senior Vice President at Harley-Davidson, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 9, 2025, Koval exercised restricted stock units, acquiring 1,763 shares and 968 shares of common stock.
- Simultaneously, Koval disposed of 658 shares and 362 shares of common stock to cover tax obligations at a price of $26.82 per share.
- Following these transactions, Koval directly owns 8,428 shares of Harley-Davidson common stock.
- The restricted stock units vested in accordance with the vesting schedule of one-third of the units granted vesting on each of the first three anniversaries of the date of grant.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date of grant for some of the restricted stock units that vested on 02/09/2025. |
| 02/09/2024 | Date of grant for some of the restricted stock units that vested on 02/09/2025. |
| 02/09/2025 | Date of transaction: Exercise of restricted stock units and sale of shares for tax obligations. |
| 02/09/2025 | Expiration date for some of the restricted stock units. |
| 02/09/2026 | Expiration date for some of the restricted stock units. |
| 02/11/2025 | Date of Form 4 filing. |
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