Form 4: Harmonic Inc. Executive Timothy C Chu Reports Stock Transactions
SEC Form 4 Filing
Timothy C Chu, General Counsel & SVP, HR of Harmonic Inc., reports the acquisition and disposal of common stock and restricted stock units on February 15, 2025.
Summary
- On February 15, 2025, Timothy C Chu, General Counsel & SVP, HR at Harmonic Inc. (HLIT), reported transactions involving the company's stock.
- Chu acquired 36,234 shares of common stock at $0 and disposed of 13,318 shares at $10.06.
- Following these transactions, Chu beneficially owns 97,531 shares of Harmonic Inc.
- Chu also disposed of restricted stock units representing 6,798 shares, 5,223 shares, and 24,213 shares of common stock.
- These restricted stock units had various exercisable and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 to investors regarding insider activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Date exercisable for 6,798 Restricted Stock Units |
| 02/15/2024 | Date exercisable for 5,223 Restricted Stock Units |
| 02/15/2025 | Date of earliest transaction; disposal of common stock and restricted stock units; Date exercisable for 24,213 Restricted Stock Units; Expiration date for 6,798 Restricted Stock Units |
| 02/15/2026 | Expiration date for 5,223 Restricted Stock Units |
| 02/15/2027 | Expiration date for 24,213 Restricted Stock Units |
| 02/19/2025 | Date of signature by Attorney-in-Fact |
Keywords
Form 4, Harmonic Inc, HLIT, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Timothy C Chu, General Counsel, SVP HR
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