Harley-Davidson (HOG) grants 7,143 RSUs to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beck Bryan Andrew reported acquisition or exercise transactions in this Form 4 filing.
Harley-Davidson, Inc. reported that Chief Accounting Officer Bryan Andrew Beck received a grant of 7,143 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock. Following this grant, he holds 7,143 RSUs directly.
According to the award terms, 50% of the RSUs vest on the second anniversary of the grant date and the remaining 50% vest on the third anniversary. The units are subject to forfeiture until they vest, meaning he must satisfy ongoing service or other conditions before receiving the underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beck Bryan Andrew
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,143 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 7,143 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 7,143 units
Post-transaction RSUs: 7,143 units
Second vesting tranche: 50% of units
+1 more
4 metrics
RSUs granted
7,143 units
Restricted stock units awarded to Chief Accounting Officer
Post-transaction RSUs
7,143 units
Total restricted stock units held directly after grant
Second vesting tranche
50% of units
Vests on second anniversary of grant date
Third vesting tranche
50% of units
Vests on third anniversary of grant date
Key Terms
Restricted Stock Units, contingent right, vest, forfeiture
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of stock."
vest financial
"50% of the units granted vest on the second anniversary of the date of grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
forfeiture financial
"Units are subject to forfeiture until vested."
FAQ
What did Harley-Davidson (HOG) disclose about Bryan Andrew Beck in this Form 4?
The filing shows Chief Accounting Officer Bryan Andrew Beck received 7,143 restricted stock units. Each unit represents a contingent right to one Harley-Davidson common share, subject to future vesting conditions and potential forfeiture if those conditions are not met.
How many Harley-Davidson (HOG) restricted stock units were granted to Bryan Andrew Beck?
Bryan Andrew Beck was granted 7,143 restricted stock units. These RSUs are a form of equity compensation that convert into Harley-Davidson common shares only if the vesting schedule is met and the units are not forfeited before vesting.
What is the vesting schedule for Bryan Andrew Beck’s Harley-Davidson (HOG) RSUs?
The 7,143 RSUs vest in two equal installments. Half of the units vest on the second anniversary of the grant date, and the remaining half vest on the third anniversary, assuming all applicable conditions continue to be satisfied.
What does it mean that Harley-Davidson (HOG) RSUs are subject to forfeiture until vested?
Being subject to forfeiture means Bryan Andrew Beck could lose some or all of the 7,143 RSUs if vesting conditions are not met. Typically, this involves continued employment or performance criteria before the units convert into actual Harley-Davidson shares.
How many Harley-Davidson (HOG) RSUs does Bryan Andrew Beck hold after this transaction?
After this grant, Bryan Andrew Beck directly holds 7,143 restricted stock units. These units represent potential future Harley-Davidson common shares that will only be delivered if the two- and three-year vesting milestones are successfully reached.