Form 4: Harrow Inc. CEO Mark Baum Executes Stock Transactions Following PSU Vesting
SEC Form 4
Harrow Inc.'s CEO, Mark Baum, acquired and disposed of shares following the vesting of performance stock units (PSUs) granted in 2023.
Summary
- On April 3, 2025, Mark Baum, CEO of Harrow, Inc., had 762,300 performance stock units (PSUs) vest under the company's 2017 Stock Incentive and Awards Plan.
- These PSUs were granted on April 3, 2023, and vested after a two-year service period and the achievement of Harrow's common stock price targets between $25 and $50.
- The vested PSUs were settled in shares of Harrow common stock on a one-for-one basis on April 7, 2025.
- On April 7, 2025, 300,363 shares were withheld by Harrow for payroll tax purposes related to the vesting of the PSUs.
- After these transactions, Baum directly owns 2,599,462 shares of Harrow common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of stock transactions related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership levels.
- Employees may be interested in the details of the stock incentive plan.
Key Dates
| Date | Description |
|---|---|
| April 3, 2023 | Grant date of performance stock units (PSUs) to Mark Baum under Harrow's 2017 Stock Incentive and Awards Plan. |
| April 3, 2025 | Vesting date of 762,300 performance stock units (PSUs). |
| April 7, 2025 | Settlement date of vested PSUs in shares of Harrow common stock and withholding of shares for payroll tax purposes. |
Keywords
Harrow Inc., Mark Baum, performance stock units, PSUs, stock vesting, Form 4, insider trading, stock incentive plan, common stock, payroll tax
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