Form 4: Harte Hanks Director John H. Griffin Jr. Converts Vested Restricted Stock Units to Direct Ownership

Harte Hanks Director and 10% Owner John H. Griffin Jr. has converted 12,048 restricted stock units (RSUs) into directly held common stock following their vesting on May 23, 2025.

Summary

• John H. Griffin Jr., a Director and 10% Owner of Harte Hanks Inc. (HHS), reported a change in beneficial ownership via a Form 4 filing.
• On May 23, 2025, 12,048 Restricted Stock Units (RSUs) that were granted on May 23, 2024, vested 100%.
• These vested RSU shares, previously held indirectly by Harte Hanks, were converted into directly owned common stock by Mr. Griffin.
• The transaction involved a disposition of 12,048 indirectly held RSU shares at a price of $4.5568 per share, and a simultaneous acquisition of 12,048 directly held common stock shares at the same price.
• Following this transaction, John H. Griffin Jr. directly beneficially owns a total of 209,820 shares of Harte Hanks Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is positive for the individual as it represents the successful vesting of compensation. For the company, it's a neutral, routine event, but the increased direct ownership by a director can be seen as a minor positive for shareholder alignment.

Positives

• The vesting of 12,048 Restricted Stock Units (RSUs) represents a successful conversion of performance-based compensation into direct equity ownership for Director John H. Griffin Jr.
• The increase in direct ownership by a director and 10% owner can signal continued alignment of interests with shareholders.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction, specifically the vesting of Restricted Stock Units (RSUs). Such transactions are common across all industries as part of executive and director compensation plans, aiming to align management incentives with shareholder value. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The transaction increases the direct ownership stake of a director and 10% owner, potentially signaling continued alignment of interests with shareholders.
• Employees: This specific filing does not directly impact general employees, but it reflects a common form of equity compensation for leadership.

Key Dates

Keywords

Harte Hanks, HHS, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Director Ownership, Equity Compensation, Beneficial Ownership, John H. Griffin Jr.