Harmonic SVP exercises RSUs, shares withheld for taxes
Harmonic Inc. senior vice president Neven Haltmayer reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Harmonic Inc. senior vice president Neven Haltmayer reported routine equity compensation activity. He exercised restricted stock units that delivered 11,373 shares of Harmonic common stock, and 6,057 shares were withheld at a price of $12.54 per share to cover tax obligations. Following these transactions, he directly holds 139,240 shares of common stock. The filing also shows related movements in restricted stock units, each representing a contingent right to receive one share of HLIT common stock.
Insider Trade Summary
11,373 shares exercised/converted
Exercise
4 txns
Insider
Haltmayer Neven
Role
SVP & GM, Video Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,851 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,522 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,373 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,057 | $12.54 | $76K |
Holdings After Transaction:
Restricted Stock Units — 56,213 contracts (Direct);
Common Stock — 139,240 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
Shares acquired via RSU exercise: 11,373 shares
Shares withheld for taxes: 6,057 shares
Post-transaction common shares held: 145,297 shares
+2 more
5 metrics
Shares acquired via RSU exercise
11,373 shares
Common stock delivered from restricted stock units on May 15, 2026
Shares withheld for taxes
6,057 shares
Tax-withholding disposition at $12.54 per share on May 15, 2026
Post-transaction common shares held
145,297 shares
Direct ownership after reported transactions
RSU grant exercised
5,522 units
Restricted stock units converting into common stock, expiring February 15, 2028
Second RSU grant exercised
5,851 units
Restricted stock units converting into common stock, expiring February 15, 2027
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, contingent right
4 terms
Restricted Stock Units financial
"The filing shows exercises of "Restricted Stock Units" that convert into 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
"A "tax-withholding disposition" of 6,057 shares covered the executive's tax liability."
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
"The RSUs are described as a "derivative security" that can be exercised or converted."
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.
contingent right financial
"Each restricted stock unit represents a "contingent right" to receive one share."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HLIT executive Neven Haltmayer report?
Neven Haltmayer reported exercising equity awards that delivered 11,373 Harmonic common shares, with 6,057 shares withheld to satisfy tax obligations. These movements reflect routine compensation-related activity rather than open-market buying or selling of stock by the executive.
What does the tax-withholding transaction in the HLIT Form 4 mean?
The Form 4 shows 6,057 Harmonic shares disposed of at $12.54 per share to cover tax liabilities. This is a tax-withholding disposition, where shares from vested awards are withheld instead of the executive paying cash to satisfy required taxes.
What type of equity awards did Neven Haltmayer exercise at Harmonic (HLIT)?
The filing shows exercises of restricted stock units, which are derivative awards that convert into common shares. Two RSU grants totaling 5,522 and 5,851 units were converted, matching the 11,373 common shares acquired at a stated price of $0.00 per share.
Are the HLIT Form 4 transactions open-market buys or sells?
The reported transactions are not open-market trades. They consist of restricted stock unit exercises delivering shares at $0.00 and a tax-withholding disposition of 6,057 shares at $12.54, which is a standard mechanism to pay taxes on vested equity awards.
What does each restricted stock unit in the HLIT filing represent?
Each restricted stock unit represents a contingent right to receive one share of Harmonic common stock. When these units vest and are exercised, they convert into actual common shares, as reflected in the non-derivative common stock entries in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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