Form 4: Harrow Inc. CFO Andrew Boll Reports Stock Transactions Following PSU Vesting
SEC Form 4
Andrew Boll, CFO of Harrow Inc., reports the vesting of performance stock units (PSUs) and subsequent transactions, including shares withheld for tax purposes.
Summary
- On April 3, 2025, Andrew Boll, CFO of Harrow Inc., had 346,500 performance stock units (PSUs) vest.
- These PSUs were granted on April 3, 2023, under Harrow's 2017 Stock Incentive and Awards Plan.
- The PSUs vested after a two-year service period and the achievement of Harrow common stock price targets between $25 and $50.
- On April 7, 2025, the vested PSUs were settled in shares of Harrow common stock on a one-for-one basis.
- The company withheld 136,745 shares of Harrow common stock for payroll tax purposes from the 346,500 shares.
- These shares were not sold by Mr. Boll in any market transaction.
- Following these transactions, Mr. Boll beneficially owns 777,844 shares of Harrow common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of PSUs and subsequent tax withholding may have a minor impact on the company's share structure and financial statements.
Key Dates
| Date | Description |
|---|---|
| April 3, 2023 | Date performance stock units (PSUs) were granted to Andrew Boll under Harrow's 2017 Stock Incentive and Awards Plan. |
| April 3, 2025 | Date performance stock units (PSUs) vested. |
| April 7, 2025 | Date the vested PSUs were settled in shares of Harrow common stock and shares were withheld for payroll tax purposes. |
Keywords
Harrow Inc., Andrew Boll, CFO, performance stock units, PSUs, stock vesting, Form 4, beneficial ownership, stock incentive plan, payroll tax withholding
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