Form 4: Harte Hanks General Counsel Robert Wyman Reports Stock Transactions

Robert Wyman, General Counsel of Harte Hanks, reports the vesting and conversion of restricted stock units (RSUs) and associated tax obligations.

Summary

• On May 26, 2024, Robert Wyman, General Counsel of Harte Hanks, reported transactions involving the company's common stock.
• 2,000 RSU shares vested and converted from indirectly owned non-derivative shares to directly owned non-derivative shares at a price of $7.39.
• Wyman acquired 2,000 shares and disposed of 2,000 shares due to the vesting and conversion.
• 834 shares were withheld to cover Wyman's tax obligations related to the vesting of the RSUs at $7.39.
• Following these transactions, Wyman directly owns 15,962 shares of common stock.
• Wyman also indirectly owns 6,667 shares (Award No. 21747) and 12,500 shares (Award No. 30101) held by Harte Hanks until vested.
• Wyman also holds options to buy 297 common shares at an exercise price of $26.64, granted under the Harte Hanks 2013 Incentive Plan, vesting in three annual installments from April 15, 2014, and expiring ten years from the grant date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The vesting schedules and option grants are typical components of executive compensation packages, aligning with industry norms for incentivizing performance and retaining key personnel.
• Companies like Oracle, Microsoft, and Apple also regularly disclose similar insider transactions through Form 4 filings.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of shares.
• The vesting of RSUs and stock options impacts the executive's compensation and alignment with company performance.

Key Dates