Form 4: Harmonic Inc. CEO Nimrod Ben-Natan Reports Stock Transactions
SEC Form 4 Filing
Harmonic Inc.'s CEO, Nimrod Ben-Natan, executed transactions involving common stock and restricted stock units, as detailed in a recent SEC Form 4 filing.
Summary
- Harmonic Inc.'s CEO, Nimrod Ben-Natan, reported transactions on November 15, 2024.
- These transactions involved the acquisition of 12,601 shares of common stock and the disposition of 6,798 and 5,803 restricted stock units.
- The restricted stock units were converted into common stock.
- Following these transactions, Mr. Ben-Natan directly owns 340,017 shares of common stock and 29,016 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
- The transactions reported are typical for executive compensation plans that include stock options and restricted stock units.
- Similar filings can be seen from executives at comparable companies such as Cisco, Juniper Networks, and Arista Networks.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they reflect insider activity, but are not unusual.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Date that 6,798 restricted stock units became exercisable. |
| 02/15/2024 | Date that 5,803 restricted stock units became exercisable. |
| 11/15/2024 | Date of the reported stock transactions, including acquisition of common stock and disposition of restricted stock units. |
| 11/19/2024 | Date the SEC Form 4 was signed. |
| 02/15/2025 | Expiration date of 6,798 restricted stock units. |
| 02/15/2026 | Expiration date of 5,803 restricted stock units. |
Keywords
SEC Form 4, Harmonic Inc, HLIT, Nimrod Ben-Natan, stock transactions, restricted stock units, insider trading, executive compensation
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