Form 4: Harmonic Inc. CFO Walter Jankovic Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer Walter Jankovic of Harmonic Inc. reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Walter Jankovic, the CFO of Harmonic Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 22, 2025, Jankovic exercised restricted stock units, acquiring 6,644 shares of common stock.
- Also on February 22, 2025, Jankovic disposed of 2,338 shares of common stock at a price of $10.52.
- Following these transactions, Jankovic directly owns 72,926 shares of common stock.
- Jankovic also holds 33,223 restricted stock units and acquired 101,954 restricted stock units, bringing the total to 101,954.
- These restricted stock units vest over time, with a portion vesting on February 15, 2026, and the remainder vesting quarterly until fully vested on the third anniversary of the RSU Vesting Commencement Date.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CFO's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Original Expiration Date of Restricted Stock Units |
| 02/15/2026 | One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest |
| 02/22/2025 | Date of stock transactions: exercise of restricted stock units and disposal of shares |
| 02/25/2025 | Date of Form 4 filing |
| 05/22/2026 | Expiration Date of Restricted Stock Units |
| 02/15/2028 | Date of full vesting of Restricted Stock Units |
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