Form 4: Harte Hanks CFO David Garrison Acquires Shares and Holds Stock Options

Harte Hanks Chief Financial Officer David Garrison acquired 850 common shares at $5.805 per share and holds 64,600 unexercised stock options.

Summary

• David Garrison, the Chief Financial Officer of Harte Hanks Inc., purchased 850 shares of common stock at a price of $5.805 per share on November 25, 2024.
• These shares were acquired through a personal transaction and are held in his retirement account.
• Garrison also holds 64,600 non-qualified stock options granted on January 29, 2024, which vest over three years.
• The stock options have an exercise price of $7.74 per share and expire on January 29, 2034.

Sentiment

Score: 6

Explanation: The document reflects a routine insider transaction. The purchase of shares by the CFO is a positive sign, but the overall sentiment is neutral as it is a standard filing.

Positives

• The purchase of shares by the CFO may indicate confidence in the company's future performance.
• The vesting schedule of the stock options incentivizes long-term commitment from the CFO.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders who trade their company's stock. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the stock options is typical for executive compensation packages, aligning management's interests with long-term shareholder value.
• The purchase of shares by the CFO is a common occurrence and can be seen as a positive signal, but it is not unusual.

Stakeholder Impact

• The purchase of shares by the CFO may be viewed positively by shareholders, indicating confidence in the company's prospects.

Key Dates

Keywords

Harte Hanks, David Garrison, CFO, stock options, share purchase, insider trading, Form 4, equity