Harmonic (HLIT) General Counsel Timothy Chu Receives RSU Award

What Happened Timothy C. Chu, General Counsel and SVP, Human Resources of Harmonic Inc. (HLIT), was granted 10,307 restricted stock units (RSUs) on 2026-08-10. The award is reported as a derivative acquisition at $0.00 per unit (no immediate cash paid). Each RSU represents a contingent right to one share of HLIT common stock and does not result in immediate share ownership until settlement/vesting.

Key Details

• Transaction date: 2026-08-10; Form 4 filed 2026-08-12 (appears timely).
• Grant size: 10,307 RSUs; reported acquisition price $0.00 (derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnote summary:
  • F1: Each RSU converts to one share upon settlement.
  • F2: Vesting schedule — 33.33% of the award vests on 2/15/2027; thereafter ~8.33% vests each quarter so the award is 100% vested on the third anniversary of the RSU vesting commencement date.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding sale in this filing.

Context RSU grants are common executive compensation/retention tools and do not represent an immediate market purchase or sale. Because these are contingent units that convert to shares only as they vest, they are different from open-market buys (which can signal bullish conviction) or sales (which can signal liquidity-taking). Tax withholding and eventual settlement will occur at vesting per company policy.