Form 4: Harmonic Inc. Executive Haltmayer Reports Stock Transactions
SEC Form 4 Filing
Neven Haltmayer, SVP & GM of Video Business at Harmonic Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On May 15, 2025, Neven Haltmayer, SVP & GM of Video Business at Harmonic Inc., reported transactions involving Harmonic Inc. common stock.
- These transactions included the vesting of 11,566 restricted stock units (RSUs) which converted into common stock.
- Following the vesting, 6,161 shares were disposed of at a price of $9.60 to satisfy tax withholding obligations.
- After these transactions, Haltmayer directly owns 161,741 shares of Harmonic Inc. common stock and 40,961 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence and market regulation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
- The transactions ensure the executive remains compliant with tax obligations related to their compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date from which 5,048 Restricted Stock Units are exercisable |
| 02/15/2025 | Date from which 5,851 Restricted Stock Units are exercisable |
| 05/15/2023 | Date from which 667 Restricted Stock Units are exercisable |
| 05/15/2025 | Date of stock transactions (vesting of RSUs and sale of shares for tax obligations). |
| 02/15/2026 | Expiration date for 5,048 Restricted Stock Units |
| 02/15/2027 | Expiration date for 5,851 Restricted Stock Units |
Keywords
Harmonic Inc, HLIT, Neven Haltmayer, Stock Transaction, Form 4, Restricted Stock Units, RSU, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.