Form 4: Harmonic Inc. Executive Neven Haltmayer Reports Stock Transactions

Neven Haltmayer, SVP of Video R&D at Harmonic Inc., reports the vesting and subsequent disposal of restricted stock units and common stock.

Summary

• On May 15, 2024, Neven Haltmayer, SVP of Video R&D at Harmonic Inc., engaged in transactions involving Harmonic Inc. common stock.
• Specifically, 12,113 shares of common stock were acquired through the vesting of restricted stock units.
• Concurrently, 6,461 shares were disposed of at a price of $11.30 per share to cover tax obligations.
• Following these transactions, Haltmayer directly owns 162,211 shares of Harmonic Inc. common stock.
• Additionally, Haltmayer holds 19,194, 2,667 and 35,342 restricted stock units respectively.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

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 standard practice in publicly traded companies like Harmonic Inc.
• Similar filings are regularly made by executives at companies such as Cisco, Arista Networks, and Juniper Networks, reflecting their compensation and investment activities.
• The disposal of shares to cover tax obligations upon vesting of restricted stock units is also a common practice among executives in these companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
• The disposal of shares to cover tax obligations is a standard practice and is unlikely to significantly affect stakeholders.

Key Dates