Form 4: Harte Hanks General Counsel Acquires 25,000 Restricted Stock Units

Harte Hanks General Counsel Robert T. Wyman has acquired 25,000 restricted stock units, valued at $4.55 per share, which will vest over three years.

Summary

• Robert T. Wyman, General Counsel of Harte Hanks Inc. (HHS), acquired 25,000 Restricted Stock Units (RSUs) on June 2, 2025.
• The acquisition price for these RSUs was $4.55 per share.
• These 25,000 RSU shares are scheduled to vest in three equal tranches on the anniversary of the grant date over the following three consecutive years.
• Following this transaction, Mr. Wyman directly beneficially owns 27,217 shares of Common Stock.
• Additionally, he indirectly beneficially owns 25,000 unvested RSU shares from the June 2, 2025 grant and 8,334 unvested RSU shares from a previous grant of 12,500 RSUs on March 4, 2024, which also vest in three equal tranches.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a key executive aligns management's interests with shareholder value, indicating a commitment to long-term performance, which is generally viewed positively.

Positives

• The grant of Restricted Stock Units to General Counsel Robert T. Wyman aligns management's long-term interests with those of shareholders, as the value of the compensation is tied to the company's future stock performance.

Risks

• The value of the granted Restricted Stock Units is contingent on the future market price of Harte Hanks Inc. common stock, meaning the actual realized value could be lower than the grant price if the stock price declines.
• The vesting schedule over three years means the executive's full ownership of these shares is subject to continued employment and company performance.

Future Outlook

The vesting schedule of the Restricted Stock Units over the next three years indicates a continued commitment from the General Counsel to the company's long-term performance and strategic objectives.

Industry Context

This Form 4 filing is a routine disclosure of an executive compensation grant, common across publicly traded companies as a mechanism to align executive incentives with shareholder interests and promote long-term retention.

Stakeholder Impact

• Shareholders: The RSU grant aligns the General Counsel's financial incentives with shareholder value creation, potentially leading to more focused long-term decision-making.

Next Steps

• The 25,000 RSU shares will vest in three equal tranches on the anniversary of the June 2, 2025 grant date over the following three consecutive years.

Key Dates

Keywords

Harte Hanks, HHS, Form 4, SEC filing, insider transaction, restricted stock units, RSU, executive compensation, Robert T. Wyman, General Counsel