Form 4: Harmonic Inc. Executive Haltmayer Neven Reports Stock Transactions
SEC Form 4
SVP & GM of Video Business at Harmonic Inc., Neven Haltmayer, reports the vesting and subsequent sale of restricted stock units.
Summary
- On February 15, 2025, Neven Haltmayer, SVP & GM of Video Business at Harmonic Inc., executed transactions involving Harmonic Inc. common stock and restricted stock units.
- Haltmayer disposed of 19,486 shares of common stock at a price of $10.06 per share.
- He also acquired 35,520 shares of common stock through the vesting of restricted stock units.
- The transactions involved the vesting of 6,398, 667, 5,049, and 23,406 restricted stock units, each representing a contingent right to receive one share of HLIT common stock.
- Following these transactions, Haltmayer directly owns 149,544 shares of Harmonic Inc. common stock and 47,474 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 executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Harmonic Inc.
- These transactions are typically governed by company policies and SEC regulations to prevent insider trading.
- Similar filings can be observed for executives at comparable companies in the video technology and media infrastructure sectors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Date exercisable for 6,398 Restricted Stock Units |
| 05/15/2023 | Date exercisable for 667 Restricted Stock Units |
| 02/15/2024 | Date exercisable for 5,049 Restricted Stock Units |
| 02/15/2025 | Date of transactions: vesting of restricted stock units and sale of common stock; Date exercisable for 23,406 Restricted Stock Units |
| 02/15/2025 | Expiration date for 6,398 Restricted Stock Units |
| 02/15/2025 | Expiration date for 667 Restricted Stock Units |
| 02/15/2026 | Expiration date for 5,049 Restricted Stock Units |
| 02/15/2027 | Expiration date for 23,406 Restricted Stock Units |
| 02/19/2025 | Date of signature by Attorney-in-Fact |
Keywords
Harmonic Inc, HLIT, Form 4, Stock Transaction, Restricted Stock Units, Neven Haltmayer, Insider Trading
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