Harmonic (NASDAQ: HLIT) CFO receives 133,268 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jankovic Walter reported acquisition or exercise transactions in this Form 4 filing.
Harmonic Inc.'s Chief Financial Officer Walter Jankovic received a grant of 133,268 restricted stock units (RSUs) tied to the company’s common stock. Each RSU represents a contingent right to receive one share of HLIT common stock at vesting.
According to the award terms, one-third of the RSUs is scheduled to vest on February 15, 2027. Approximately 8.33% of the remaining RSUs will then vest every three months, so the grant becomes fully vested on the third anniversary of the vesting commencement date. Following this grant, Jankovic holds 133,268 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jankovic Walter
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 133,268 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 133,268 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of HLIT common stock. One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest on 2/15/2027, and approximately 8.33% of the remaining Restricted Stock Units will vest each three months thereafter, so as to be 100% vested on the third anniversary of the RSU Vesting Commencement Date.
FAQ
What insider transaction did Harmonic (HLIT) report for its CFO?
Harmonic reported that Chief Financial Officer Walter Jankovic received 133,268 restricted stock units. These RSUs are a stock-based compensation award, giving him the right to receive an equal number of Harmonic common shares if and when the units vest over time.
How many RSUs did Harmonic (HLIT) grant to its CFO Walter Jankovic?
Walter Jankovic was granted 133,268 restricted stock units. Each unit represents a potential share of Harmonic common stock, subject to vesting conditions. The grant reflects equity-based compensation intended to align the CFO’s interests with long-term company performance and shareholder value.
What is the vesting schedule for the CFO’s 133,268 RSUs at Harmonic (HLIT)?
One-third of the RSUs is scheduled to vest on February 15, 2027. Roughly 8.33% of the remaining units then vest every three months, so the entire 133,268-unit grant is expected to be fully vested on the third anniversary of the RSU vesting commencement date.
What does each restricted stock unit granted by Harmonic (HLIT) represent?
Each restricted stock unit represents a contingent right to receive one share of Harmonic common stock. The CFO only receives actual shares as the RSUs vest according to the stated schedule, making the award dependent on continued service and any applicable vesting conditions.
How many RSUs does the Harmonic (HLIT) CFO hold after this Form 4 transaction?
After this transaction, Chief Financial Officer Walter Jankovic holds 133,268 restricted stock units directly. This total reflects the newly granted award reported in the Form 4 and represents his current RSU position as shown in the filing’s post-transaction holdings column.