Harmonic CFO exercises awards, holds 161K shares
Harmonic Inc. Chief Financial Officer Walter Jankovic reported routine equity compensation activity involving common stock and restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Harmonic Inc. Chief Financial Officer Walter Jankovic reported routine equity compensation activity involving common stock and restricted stock units. On May 15, 2026, he exercised derivative awards to acquire 19,785 shares of common stock, while 9,099 shares were withheld to cover tax obligations. Following these transactions, he directly holds 152,225 shares of common stock. Several restricted stock unit grants also converted into common stock, leaving 6,435 restricted stock units outstanding, each representing the right to receive one share of common stock.
Insider Trade Summary
19,785 shares exercised/converted
Exercise
5 txns
Insider
Jankovic Walter
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,218 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,071 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,496 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,785 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,099 | $12.54 | $114K |
Holdings After Transaction:
Restricted Stock Units — 90,121 contracts (Direct);
Common Stock — 152,225 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
Tax-withheld shares: 9,099 shares at $12.54
Shares acquired via exercise: 19,785 shares
Common shares held after transactions: 161,324 shares
+4 more
7 metrics
Tax-withheld shares
9,099 shares at $12.54
Common stock delivered to satisfy tax liability (code F)
Shares acquired via exercise
19,785 shares
Common stock from derivative exercise (code M) on May 15, 2026
Common shares held after transactions
161,324 shares
Direct ownership of Harmonic common stock following Form 4 transactions
RSUs exercised (grant 1)
8,496 units
Restricted stock units converting into common stock, exercise price $0.00
RSUs exercised (grant 2)
8,071 units
Additional restricted stock units converting into common stock, exercise price $0.00
RSUs exercised (grant 3)
3,218 units
Restricted stock units converting into common stock, exercise price $0.00
RSUs remaining
6,435 units
Restricted stock units outstanding after reported exercises
Key Terms
Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying right to 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
"transaction_action: "tax-withholding disposition" for the F-code transaction"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
derivative security financial
"transaction_type: "derivative" for restricted stock units transactions"
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.
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 reported exercising derivative awards for common stock and a related tax-withholding disposition. He acquired shares through option and restricted stock unit conversions, while a portion of stock was withheld to satisfy tax obligations tied to those equity compensation events.
What are the CFO’s direct Harmonic (HLIT) common stock holdings after these transactions?
After the reported transactions, Walter Jankovic directly holds 161,324 shares of Harmonic common stock. This figure includes shares received from exercising derivative awards, net of those delivered to cover associated tax obligations on the same transaction date.
What happened to Harmonic (HLIT) restricted stock units held by the CFO?
Multiple restricted stock unit grants converted into common stock, including tranches of 8,496, 8,071, and 3,218 units. After these exercises, the filing shows 6,435 restricted stock units remaining outstanding, each representing the right to receive one Harmonic common share.
Do these Harmonic (HLIT) insider transactions represent an open-market sale by the CFO?
No, the filing classifies the 9,099-share disposition under code F as tax withholding. This means shares were delivered to satisfy tax liabilities on equity awards, not sold voluntarily on the open market for portfolio or valuation reasons.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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