Form 4: Harmonic Inc. CEO Nimrod Ben-Natan Reports Stock Transactions
SEC Form 4 Filing
Harmonic Inc.'s CEO, Nimrod Ben-Natan, reported the vesting of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On August 15, 2024, Nimrod Ben-Natan, the President and CEO of Harmonic Inc., reported transactions involving Harmonic Inc. common stock and restricted stock units.
- Specifically, 12,601 shares of common stock were disposed of.
- These transactions are related to the vesting of restricted stock units.
- 6,798 restricted stock units vested with an exercisable date of 02/15/2023 and an expiration date of 02/15/2025.
- 5,803 restricted stock units vested with an exercisable date of 02/15/2024 and an expiration date of 02/15/2026.
- Following these transactions, Ben-Natan directly owns 327,416 shares of Harmonic Inc. common stock.
- Ben-Natan also directly owns 13,596 and 34,819 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an insider, and doesn't inherently indicate positive or negative sentiment. It reflects standard compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Exercisable date for 6,798 Restricted Stock Units |
| 02/15/2024 | Exercisable date for 5,803 Restricted Stock Units |
| 02/15/2025 | Expiration date for 6,798 Restricted Stock Units |
| 02/15/2026 | Expiration date for 5,803 Restricted Stock Units |
| 08/15/2024 | Date of stock and derivative security transactions |
| 08/19/2024 | Date of report signature |
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