Harmonic (HLIT) SVP accelerates RSU vesting and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARMONIC INC. senior vice president Neven Haltmayer reported equity compensation activity tied to the completion of the sale of Harmonic’s Video Business to MediaKind on June 16, 2026. The company’s compensation committee approved accelerated vesting of 50% of his outstanding time-based restricted stock units and 50% of his target performance-based restricted stock units.
On the same date, Haltmayer exercised multiple restricted stock unit awards at a conversion price of $0.00 per share into Harmonic common stock and had 23,751 shares disposed of at $14.80 per share to cover tax obligations. Following these transactions, he directly held 185,113 shares of Harmonic common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
33,555 shares exercised/converted
Mixed
5 txns
Insider
Haltmayer Neven
Role
SVP & GM, Video Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,777 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,449 | $0.00 | -- |
| Exercise | Restricted Stock Units | 19,329 | $0.00 | -- |
| Exercise | Common Stock | 44,600 | $0.00 | -- |
| Tax Withholding | Common Stock | 23,751 | $14.80 | $352K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 185,113 shares (Direct, null)
Footnotes (1)
- In connection with the completion of the sale of the Video Business of Harmonic Inc. (the "Company") to MediaKind on June 16, 2026, the Compensation Committee of the Company's Board of Directors approved the accelerated vesting of 50% of the Reporting Person's outstanding and unvested restricted stock units originally granted on February 16, 2024, September 12, 2024 and February 22, 2025, and 50% of the Reporting Person's target award of performance-based restricted stock units originally awarded on April 29, 2025. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
Tax-withholding shares: 23,751 shares
Tax-withholding price: $14.80 per share
RSU exercises: 33,555 units
+2 more
5 metrics
Tax-withholding shares
23,751 shares
Common stock disposed at $14.80 per share for tax withholding
Tax-withholding price
$14.80 per share
Price for 23,751 shares used to satisfy tax obligations
RSU exercises
33,555 units
Restricted Stock Units exercised into common stock at $0.00 conversion price
Post-transaction holdings
185,113 shares
Common stock directly held after transactions on June 16, 2026
Initial holdings after tax transaction
161,362 shares
Common stock directly held following tax-withholding disposition
Key Terms
Restricted Stock Units, performance-based restricted stock units, tax-withholding disposition, Exercise or conversion of derivative security
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.
performance-based restricted stock units financial
"50% of the Reporting Person's target award of performance-based restricted stock units originally awarded on April 29, 2025."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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""
FAQ
What insider transactions did Harmonic (HLIT) SVP Neven Haltmayer report?
Neven Haltmayer reported exercising several restricted stock unit awards into Harmonic common stock, along with a related tax-withholding disposition of 23,751 shares at $14.80 per share. These transactions were recorded on June 16, 2026, in connection with the sale of Harmonic’s Video Business.
What equity awards vested early for Neven Haltmayer at Harmonic (HLIT)?
Harmonic’s compensation committee approved accelerated vesting of 50% of Haltmayer’s outstanding and unvested restricted stock units and 50% of his target performance-based restricted stock units. These awards were originally granted between February 2024 and April 2025 and were linked to his role in the Video Business.
Why were Neven Haltmayer’s Harmonic (HLIT) RSUs accelerated on June 16, 2026?
The accelerated vesting occurred in connection with the completion of the sale of Harmonic’s Video Business to MediaKind on June 16, 2026. The compensation committee approved vesting of 50% of certain outstanding time-based and performance-based restricted stock unit awards at that time.