Harmonic CFO exercises RSUs, withholds shares for tax
Rhea-AI Filing Summary
HARMONIC INC. Chief Financial Officer Walter Jankovic reported routine equity compensation activity involving restricted stock units and related tax withholding.
He exercised 6,645 restricted stock units, each representing a right to receive one share of Harmonic common stock, converting them into 6,645 shares of common stock. To cover tax obligations, 3,335 common shares were disposed of at a price of $15.20 per share through a tax-withholding mechanism rather than an open-market sale.
Following these transactions, Jankovic directly holds 155,535 shares of Harmonic common stock, indicating a net increase in his equity position and reflecting compensation-related, non-market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,645 shares exercised/converted
Exercise
3 txns
Insider
Jankovic Walter
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,645 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,645 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,335 | $15.20 | $51K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 155,535 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
RSUs exercised: 6,645 shares
Tax-withholding shares: 3,335 shares
Tax-withholding price: $15.20 per share
+2 more
5 metrics
RSUs exercised
6,645 shares
Restricted stock units converted into common stock on 2026-05-22
Tax-withholding shares
3,335 shares
Shares disposed of to satisfy tax liability at $15.20 per share
Tax-withholding price
$15.20 per share
Value applied to 3,335-share tax-withholding disposition
Shares held after transactions
155,535 shares
Direct common stock holdings after Form 4 transactions
Common shares from RSUs
6,645 shares
Underlying common stock received upon RSU conversion
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of HLIT common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Harmonic (HLIT) CFO Walter Jankovic report?
Harmonic CFO Walter Jankovic exercised 6,645 restricted stock units into common shares and had 3,335 shares withheld for taxes at $15.20 per share. These were compensation-related, non-market transactions recorded in his latest Form 4 filing.
What restricted stock unit activity did Harmonic (HLIT) disclose for its CFO?
Harmonic disclosed that its CFO exercised 6,645 restricted stock units, each representing the right to receive one share of common stock. These units were converted into common shares, with part of the resulting stock withheld to cover associated tax liabilities.
Was the Harmonic (HLIT) CFO’s tax withholding reported as a sale?
The Form 4 classifies 3,335 shares at $15.20 per share as a tax-withholding disposition under transaction code F. This represents payment of tax liability using shares rather than an open-market sale initiated for investment or trading purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
