GALLAGHER PATRICK 4

What Happened Patrick Gallagher, a director of Harmonic Inc. (HLIT), received an award of 18,756 restricted stock units (RSUs) on March 16, 2026. The Form 4 lists the transaction as an award/acquisition (derivative) at $0.00 per unit (reported value $0), meaning this was a grant of contingent equity rather than an open-market purchase or sale.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 19, 2026.
• Grant: 18,756 restricted stock units (RSUs) reported at $0.00 per unit (derivative award code A).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share of HLIT common stock.
  • F2: RSUs vest in full on February 15, 2027. Vested RSUs will be settled in shares within 60 days after the earliest of (i) a change-in-control, (ii) the director’s separation from service, or (iii) the director’s death.
• No 10b5-1 plan, tax-withholding, or late-filing code is indicated in the summary information provided.

Context RSU grants are a common form of equity compensation for directors; they do not provide immediate cash or shares until vesting/settlement conditions are met. The reported $0 per unit on the Form 4 reflects that this was a grant of contingent rights (not a cash purchase) — the eventual value to the insider will depend on HLIT’s share price when the RSUs convert to shares.