Form 4: Harmonic Inc. CFO Walter Jankovic Reports Stock Transactions

Harmonic Inc.'s Chief Financial Officer, Walter Jankovic, reported the acquisition and disposal of company stock and restricted stock units on November 22, 2024.

Summary

• Walter Jankovic, the Chief Financial Officer of Harmonic Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 22, 2024, Mr. Jankovic acquired 6,645 shares of common stock through the vesting of restricted stock units.
• Also on November 22, 2024, he disposed of 2,345 shares of common stock at a price of $12.47 per share.
• Following these transactions, Mr. Jankovic directly owns 34,129 shares of Harmonic Inc. common stock.
• He also holds 39,867 restricted stock units, each representing a contingent right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading.

Key Dates

Keywords

Form 4, Harmonic Inc, HLIT, Walter Jankovic, CFO, stock transaction, restricted stock units, beneficial ownership