Form 4: Harte Hanks Director Bradley Radoff Converts Vested RSU Shares to Direct Ownership
Insider Transaction Report
Harte Hanks Director Bradley Louis Radoff has converted 12,048 vested Restricted Stock Units (RSUs) into direct common stock ownership, increasing his direct holdings in the company.
Summary
- Bradley Louis Radoff, a Director at Harte Hanks Inc. (HHS), reported a change in beneficial ownership of common stock.
- On May 23, 2025, 12,048 Restricted Stock Unit (RSU) shares, previously held indirectly and not yet vested, vested and were converted into directly owned common stock.
- These RSU shares were granted on May 23, 2024, and vested 100% on their first anniversary.
- The conversion occurred at a price of $4.5568 per share.
- Following this transaction, Mr. Radoff directly owns 403,447 shares of Harte Hanks Common Stock.
- Additionally, Mr. Radoff indirectly holds 20,000 shares of Common Stock in his IRA.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. It's a routine, expected RSU vesting event, which increases insider ownership and aligns management interests with shareholders, but does not indicate new strategic developments or financial performance.
Positives
- The vesting of RSUs for Director Bradley Radoff indicates a scheduled compensation event, aligning his interests further with shareholders through increased direct ownership.
- The conversion of RSUs to common stock increases the director's direct stake in the company, demonstrating continued commitment.
Future Outlook
This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: The increase in direct ownership by a director can be viewed positively as it aligns the director's financial interests more closely with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date 12,048 RSU shares were granted to Bradley Louis Radoff. |
| 05/23/2025 | Date of transaction; 12,048 RSU shares vested and converted to direct common stock ownership. |
| 05/28/2025 | Date the Form 4 was signed by Robert Wyman, Attorney-in-fact for Bradley L. Radoff. |
Keywords
Harte Hanks, HHS, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Ownership, Director, Beneficial Ownership
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