Form 4: Harmonic Inc. CFO Walter Jankovic Reports Stock Transactions
SEC Form 4 Filing
Walter Jankovic, CFO of Harmonic Inc., reports the vesting and subsequent sale of restricted stock units and the withholding of shares to cover tax obligations.
Summary
- On February 15, 2025, Walter Jankovic, the Chief Financial Officer of Harmonic Inc. (HLIT), engaged in transactions involving Harmonic's common stock and restricted stock units.
- Specifically, 35,501 shares were acquired upon the vesting of restricted stock units.
- Also on February 15, 2025, 13,010 shares were disposed of at a price of $10.06 per share to cover tax obligations.
- Following these transactions, Jankovic directly owns 68,620 shares of Harmonic Inc.
- Additionally, transactions involving restricted stock units occurred, with 3,217 and 32,284 units vesting and converting into common stock.
- After these derivative transactions, Jankovic holds 64,568 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date restricted stock units were exercisable |
| 02/15/2025 | Date of stock and derivative security transactions |
| 02/15/2025 | Date restricted stock units were exercisable |
| 02/15/2027 | Expiration date of restricted stock units |
| 02/19/2025 | Date of report filing |
Keywords
Harmonic Inc, HLIT, Walter Jankovic, CFO, Form 4, Stock Transaction, Restricted Stock Units, Beneficial Ownership
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