Key facts
- This page summarizes Patrick Harshman's Form 4 filing for HARMONIC INC (HLIT).
- 8 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 20 Feb 2024, 21:56.
Patrick Harshman - 15 Feb 2024 Form 4 Insider Report for HARMONIC INC (HLIT)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- HLIT
- Reported as of
- 15 Feb 2024
- Net transaction value
- -$2,760,739
- SEC form
- 4
- Accepted by SEC
- 20 Feb 2024, 21:56:52 UTC
- Prior SEC filing
- 17 Nov 2023
- Next SEC filing
- 17 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Wendi Ninh, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Patrick Harshman filed Form 4 for HARMONIC INC (HLIT) on 20 Feb 2024.
Change
- Previous filing in this sequence was filed on 17 Nov 2023.
- Current net transaction value: -$2,760,739.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HLIT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +297,989
- Change %
- +47%
- Price
- $0.000000
- Shares after
- 937,734
- Date
- 15 Feb 2024
- Ownership
- Direct
- Footnotes
- F1
HLIT
transaction
Common Stock
Tax liability
- Transaction value
- $2,176,250
- Shares
- -159,199
- Change %
- -17%
- Price
- $13.67
- Shares after
- 778,535
- Date
- 15 Feb 2024
- Ownership
- Direct
HLIT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +80,147
- Change %
- +10%
- Price
- $0.000000
- Shares after
- 858,682
- Date
- 15 Feb 2024
- Ownership
- Direct
HLIT
transaction
Common Stock
Tax liability
- Transaction value
- $584,488
- Shares
- -42,757
- Change %
- -5.2%
- Price
- $13.67
- Shares after
- 780,393
- Date
- 15 Feb 2024
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HLIT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -16,555
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 15 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 16,555
- Exercise price
- $0.000000
- Footnotes
- F3
HLIT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -13,684
- Change %
- -20%
- Price
- $0.000000
- Shares after
- 54,735
- Date
- 15 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 13,684
- Exercise price
- $0.000000
- Footnotes
- F3
HLIT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -49,908
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 99,814
- Date
- 15 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 49,908
- Exercise price
- $0.000000
- Footnotes
- F3
HLIT
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +221,953
- Change %
- Price
- $0.000000
- Shares after
- 221,953
- Date
- 16 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 221,953
- Exercise price
- $0.000000
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
These performance-based restricted stock units ("PRSUs") were grated on February 16, 2021, with vesting based on the total stockholder return ("TSR") to holders of Company common stock during a three-year performance period that concluded on February 14, 2023. Based on the TSR over the the performance period, 150% of the shares underlying the PRSUs, or 297,989 shares, vested in accordance with the terms set forth in DEF 14A filed by the Company with the U.S. Securities and Exchange Commission on April 29, 2022, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 15, 2024.
Footnote F2
Reflects an adjustment of 35,532 shares of common stock transferred to the reporting person's former spouse pursuant to a marital settlement agreement. The reporting person no longer reports as beneficially owned any securities owned by his former spouse.
Footnote F3
Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Footnote F4
One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest on February 15, 2025, 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.