Form 4: Harte Hanks President Executes RSU Vesting Transaction
Statement of Changes in Beneficial Ownership
President David Scott Fisher reported the vesting of restricted stock units and associated tax withholding for Harte Hanks Inc.
Summary
- President David Scott Fisher reported the vesting of 18,790 restricted stock units (RSUs) on June 2, 2026.
- Following the vesting, 7,876 shares were withheld by the company to satisfy tax obligations.
- The net result was the conversion of 10,914 shares into direct ownership for the reporting person.
- The transaction was executed at a price of $2.62 per share.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents standard administrative processing of executive compensation rather than a strategic or operational shift.
Positives
- The transaction reflects the standard vesting of equity compensation, aligning executive interests with shareholder value.
Negatives
- The company withheld a significant portion (approximately 42%) of the vested shares to cover tax liabilities.
Risks
- Future share price volatility could impact the value of remaining unvested equity awards.
- Reliance on equity-based compensation plans may be subject to future regulatory or board-level changes.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on the reporting of equity transactions.
Management Comments
- No specific management commentary was provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of executive equity compensation and does not signal a change in corporate strategy or market outlook.
Comparison to Industry Standards
- The use of RSU vesting and tax withholding is standard practice for executive compensation packages in the marketing and business services sector.
- The vesting schedule of 1/3rd per year is consistent with typical retention-based equity incentive plans.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine equity compensation event.
Next Steps
- Future vesting of remaining unvested stock options as per the 2023 Inducement Equity Incentive Plan.
Key Dates
| Date | Description |
|---|---|
| 01/29/2024 | Grant date for 32,300 NQ stock options. |
| 01/27/2025 | Grant date for 32,400 NQ stock options. |
| 06/02/2025 | Grant date for 32,400 NQ stock options. |
| 01/27/2026 | Vesting date for first tranche of January 2025 options. |
| 01/29/2026 | Vesting date for second tranche of January 2024 options. |
| 06/02/2026 | Vesting date for RSUs and first tranche of June 2025 options. |
| 06/04/2026 | Filing date of the Form 4. |
Keywords
Harte Hanks, HHS, Form 4, Insider Trading, Equity Compensation, Executive Compensation
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